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View Full Version : Cramer makes me nuts sometimes



alisavb69
10-16-2015,
In this video, 9 days ago, he quotes the Fibonaci Queen, and says to Sell Apple and Buy IBM. So the next day I do just that. Sell Apple at 600 and buy IBM options.

http://www.fibonacciqueen.com/publi...d-on-Mad-Money-with-Jim-Cramer-Avoid-AAPL.cfm

Now, Apple is up to 635 and IBM kept going down $2. Brilliant!

AlfredBete
10-16-2015,
Less than 45% accuracy....you would be better off flipping a coin. Just goes to show...given enough occurrences directional picks start to wrap around the 50% mark.

http://caps.fool.com/player/trackjimcramer.aspx

AmandaSon
10-17-2015,
If you have the buying power you could sell a JUN14 565 put to protect or save the position. One for One it puts you positive 35$ with 35$ of upside protection....@ 1 put for each 2 shares it puts you about 8$ up but only 8$ more in protection.
At 1 to 1 your break evens would be between 564 and 678 at expiration with the options being priced around an 89% probability of the stock being in that price range at JUN expiration. It would take a 2 standard deviation move to the downside and a 1.3 standard deviation to the upside to get tested.
Doing the same for July gives a lot more but the deviations are further out also.

Check my math on that but pretty sure that's it.