CLOSING the $PCLN OptionsAction trade from 4/27/2012 - mike

5/18/2012 - Options action show tonight revisits this trade, here is the video tonights clip. Trade worked out, this put spread for $18 is now worth $45 out of a possible max profit of $50. Mike mentions to take off at least some of it and roll it down.. does not get specific on any new strikes which would have been helpful to viewers. i will just close this spread out all the way on the spreadsheet for a good win.

google docs spreadsheet with all of mikes trades: mikes trades



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4-27/2012 - mike has another trade on priceline tonight. totally not mentioning the other one he had a month ago that is still hanging out there. here is video clip video clip

Buy the Jun 750/700 put spread for $18 ($1800 per one lot)

mike makes an good argument for this..mentioning that it could be either as a hedge against stock or outright bearish thesis. point to note is his comment that "if stock pulls back, you could monetize this spread quickly". i read that as take profits quickly if stock pulls back. although not directly mentioned as an earnings play , this spread will include earnings on may 9th if held to opex. my bigest beef is the price tag.. $1800 is no joke. If looking for some downside hedge on earnings i would look at a put fly or put calender using the weeklies when they come on the board for earnings week.. if you want to go to may opex for the sell in may go away theory, then id look to something cheaper as well. Maybe the May 750/725/700 put fly.. might be able to get that for about $2.75... i would be more inclined to do something like that than pay $1800 to make $3200 at june OPEX..which didnt seem like mikes intent anyway

4/27/2012 Options Action web extra $ARMH $AAPL

scott does a segment answering viewer mail, watch is here web extra scott recommends

July 26/30 call spread for 1.20

as he mentions earnings just came out. i guess you could do this trade. if you have nothing else to invest in. premise was how to invest on aapl pin action. like many say on air, i would agree, that if you want to invest in apple, then invest in apple, dont over think it.. looking at chart, this stock as been in a 4dollar range for over a year... what has apple done in that same time frame. i guess you could say its at the bottom of a channel and you expect up move.. but really.. i would rather spend that 1.20.. say you do a 10 lot.. that $1200 and do something with AAPL instead of this.. seriously slow money and really odd pick as pin action on aaple.. hasnt been so far and what has changed. i thought QCOM or NUAN were better plays ive heard on air.. i prefer to keep it simple..dont look for pin action, look for the bowling ball....you like that? i just thought of it

CLOSING $BRCM Options Action trade (mike) from 4/26/2012

5-18 - mike pretty much top ticked this one...the stock has been down since this trade which will be a total loss. nothing on-air or on twitter from @cnbcoptions (constant trade updates) or from mikes once a month used twitter account as to how to salvage this trade along the way so entering at total loss on may opex day.

google docs spreadsheet for Mikes trades: mikes trades


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4-26   mike has a call spread on tap tonight for broadcom. here is video of clip video clip

May 38/40 call spread for .45

has a gap from 2 days ago, im sure thats the AAPL gap. i dont follow this stock so im not going to give an alternate trade. just an fyi tonight.