Going to celebrate Earth Day here today because......well, stumbled on a couple pics and such.For example, this is just an awesome idea, via Treehugger.
Treehugger readers seem to love photos and posts about sexy underwear and bikinis--so let’s try this one--a solar powered bikini. Whilst lying in the sun and baking, you can charge up your cell phone, ipod and digital camera. It comes with a USB drinks cooler—once plugged in it will act as a chiller for your can of organic lemonade. The photovoltaic film panels allow a fashionable fit while supplying the 6.5 volts.
So what's the worst thing that can happen to volatility? A range breaking out. FSLR seems like it halves or doubles every momth, but not so much in April/May as it has churned between 260 and 300. And volatility has gotten clubbed.
Now yes, it still sits around 60, and throw that on a high priced stock and you get some real high prices in dollar terms on the board.
I strongly doubt a stock like this ever finds true equilibrium, so I would like to buy some time here in the options. Couple probs though; the dollar price tag I mentioned above is tough, you really have to mentally divide everything by ten to get it human. And the markets are wide as can be if you go beyond near month.
5 comments:
This market, at least for the foreseeable future, is going to require us retail schlubs to work harder than ever.
--Low vol credit spreads that don't suck up too much margin but that actually give you more than pennies
--Long delta, but not too much out of pocket
--Play the pre-earnings and post earnings cycle with lots of small little wins--stable to high vega trades pre, low vega post.
In other words, get in, get out...rinse and repeat.
All the while looking over your shoulder for the next shoe to drop -- the bad econ number, the next umpteen billion dollar write off -- any of which could send vols shooting up again.
So wait, can you go in the water with that? As for FSLR, hey, if this is the week that oil snaps back, you might get some more vol...
karl: yeah, i guess i should write this up. The implications of lower vol. are that you should technically increase trading size and tighten stops and targets. Even if you never touch an option.
verbo: yeah, treehugger wondered that too, lol. Maybe it's just a lounging bikini?
FSLR really needs to violate one of those spots. But with $2 wide spreads, not much you can do anyway.
I hope to see one of those new bikinis on the 2006 Hooter's Pageant tonight on Fox Sports at 9pm. I'll be posting extra snake pictures tomorrow to comabt any testosterone driven trading the pageant might inspire.
excellent point. I'm going to buy calls on the ball also, to play for the Testosterone pop.
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