Nibbling along the edges?

[Fedup]

Quote:

Originally Posted by NYEXPAT Thanks, actually I suspect I won't hit the sell button till Friday, depending on the netflix earnings announcement tonight?

I wish I’m brave enough to initiate a trade on Netflix, I have no idea what to do except I know there will be sharp move, up or down. However, I sold out last month and now it’s a lot lower than when I sold out.

EDIT to add, NETFLIX is up sharply after house, almost plus $50, more than 10%. My guess is the market will be up tomorrow.

[NW-Bound]

I have never had the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google). The earning I am waiting to see is that of Lam Research, to be released shortly after market close today.

If LRCX does badly, there will hell to pay in the semiconductor shares that I own. Micron Technology capex is something close to $10B. Intel capex is even higher. What cash Tesla needs is peanuts compared to what these semi guys spend on their factories.

PS. Tesla never made money, but Micron P/E is less than 4. Take that, Musk.

[Fedup]

Quote:

Originally Posted by NW-Bound I have never had the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google). The earning I am waiting to see is from Lam Research, to be released shortly after market close today. If LRCX does badly, there will hell to pay in the semiconductor shares that I own. Micron Technology capex is something close to $10B. Intel capex is even higher. What cash Tesla needs is peanuts compared to what these semi guys spend. PS. Tesla never made money, but Micron P/E is less than 4. Take that, Musk.

I admire you for holding on to these semiconductor stocks. I’ve been out of AMD and INTC. INTC was recently, but AMD a while back.
Let’s hope tech stocks go back up this week. My kid’s RSUs can get a good bounce.

[NW-Bound]

Semi stocks had a wonderful run up in 2017. That's how my return last year was 20%, despite a diversified portfolio at 70% stock AA.

This year, they have not been doing so well despite making money over fist, because people say that they are topping out. It could be true, but I have been writing out-of-the-money covered calls on them, and manage to reduce my losses.

[NYEXPAT]

Quote:

Originally Posted by NW-Bound If LRCX does badly, there will hell to pay in the semiconductor shares that I own. Micron Technology capex is something close to $10B. Intel capex is even higher.

-25% Qtr over Qtr revenue drop.

[NW-Bound]

The revenue drop was already anticipated.

The reported revenue and earnings both surpass the estimates. Forward guidance was also good. The stock jumped 6% in after-hour trading.

[copyright1997reloaded]

Yea, Lamb was looking good after hours. I used to be very exposed to semi's as my largest holding was LLTC which was acquired by ADI (mostly for cash). Even the small stock part of the deal was enough where it is still almost 5% of my individual stock holdings, and it plus QCOM, INTC, CSCO, OLED and some modest play money in CY, MRVL together are about 12-13% of my individual equities.

OLED is the most recent addition, I bought some of it at around $92 and then down at $81-$82, and fortunately it has had a decent move upward.

[NYEXPAT]

Bought another 60k today on the dip. Overall price is still 279.

[Fedup]

Quote:

Originally Posted by Fedup I wish I’m brave enough to initiate a trade on Netflix, I have no idea what to do except I know there will be sharp move, up or down. However, I sold out last month and now it’s a lot lower than when I sold out. EDIT to add, NETFLIX is up sharply after house, almost plus $50, more than 10%. My guess is the market will be up tomorrow.

I’m so glad I closed on this trade a few weeks ago. Today, NETFLIX is lower than when I sold. Plus the premium would be decaying.

[Fedup]

Quote:

Originally Posted by NYEXPAT Bought another 60k today on the dip. Overall price is still 279.

I missed the low, now it’s back up.

[NYEXPAT]

Ok, put me down for another 60k today.

[Fedup]

I’m waiting to see where it goes toward closing time. Could be lower.

[kgtest]

Quote:

Originally Posted by NW-Bound I have never had the FAANG stocks (Facebook, Apple, Amazon, Netflix, Google). The earning I am waiting to see is that of Lam Research, to be released shortly after market close today. If LRCX does badly, there will hell to pay in the semiconductor shares that I own. Micron Technology capex is something close to $10B. Intel capex is even higher. What cash Tesla needs is peanuts compared to what these semi guys spend on their factories. PS. Tesla never made money, but Micron P/E is less than 4. Take that, Musk.

10% of my portfolio is AAPL
6% AMZN


Surpisgingly no NFLX Shoulda bought that years ago. meh.

[kgtest]

Set a limit for $333 to expire for next 30. I won't tell how many shares though lol. A gentlemens call. That's another 4% drop or so. I hope this one doesn't fill lol.

[Fedup]

Quote:

Originally Posted by kgtest Set a limit for $333 to expire for next 30. I won't tell how many shares though lol. A gentlemens call. That's another 4% drop or so. I hope this one doesn't fill lol.

Which stock, NFLX.

[NYEXPAT]

I initiated a position in IQ (China's Netflix) yesterday and also on NIO (Tesla Killer).

[NW-Bound]

Quote:

Originally Posted by kgtest Set a limit for $333 to expire for next 30. I won't tell how many shares though lol. A gentlemens call. That's another 4% drop or so. I hope this one doesn't fill lol.

Assume that you are talking about NFLX, it popped from 347 to 372 after the good earning report, then drops back to 348 as of this writing.

I saw that the put option at 330, expiry Oct 16, was close to $10. So, if I sold that put, and it drops to that price, it would be the same as buying it at 320. If it does not drop that low, I pocket the $10.

Sounds easy, but I wrote a put option like that for a stock at 150, and will have to pay that price at expiry today, while it is at 120. Ouch!

[Fedup]

I’m thinking of buying put on NFLX, after good earning release it only went up to $366. But today it dropped $10, so I’m not sure it’s good to buy put. Not selling put, oh no, too risky.

[NW-Bound]

Me think selling an out-of-the-money put (with strike price well below current price) is less risky than buying the stock outright. The potential gain is of course limited, in exchange for the lower risk.

[Fedup]

I did that with VTI last week, I did make some money. I knew it’s safe to hold VTI if it’s assigned to me.