Results 1 to 3 of 3
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....Avoid-AAPL.cfm
Now, Apple is up to 635 and IBM kept going down $2. Brilliant!
Cramer makes me nuts sometimes
Less than 45% accuracy....you would be better off flipping a coin. Just goes to show...given enough occurrences directional picks start to wrap around the 50% mark.
http://caps.fool.com/player/trackjimcramer.aspx
If you have the buying power you could sell a JUN14 565 put to protect or save the position. One for One it puts you positive 35$ 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.
