Skip to content

Paper Options

You will learn how you can use the Shoot Strategy on any other stock of your choosing as well. I personally own 6 units of this portfolio, and gained enough last week to pay for a semester of college for one of my grandchildren. If you like Nike, you will have to like this options portfolio even more. Here are the Trading Rules: The first will come on Friday October 7. The graph shows how much will be gained or loss at the August 19, expiration of the August calls that we have sold at the various possible prices of AAPL on that date. For the first time, Sprint will be able to sell an IPhone.

If you would like to receive a PDF version of any of these three Cboe White Papers created in Corporate Stock Repurchase Programs & Listed Options.

Search Blog

The information below is included to help you understand your alternatives. Finish refers to the texture, feel and appearance of a paper. Paper finishes are delineated as follows:. The weight of a paper refers to its thickness and is measured in pounds. The higher the number, the thicker the paper. The opacity of paper is determined by its thickness, ingredients and ink absorbency.

Opacity is important because it affects how much printing will show through on the reverse side of a sheet. If a paper is not opaque enough, images printed on the other side of the sheet may show through and make reading text impossible. Paper with a high degree of opacity is better able to prevent dark images from showing through a page. Many of our subscribers are mirroring our trades in this portfolio or having thinkorswim make the trades for them through their Auto-Trade service.

Last week they were all happy campers. I would love to hear from you by email terry terrystips. Why wait any longer to make this important investment in yourself? Last week I told you about a simple calendar spread that might double your money in a week or two.

Today I would like to follow up on that idea, and tell you exactly how it worked out in my account. I was a little concerned because when you buy a calendar spread, the maximum gain comes when the stock closes at exactly the strike price you select on the day that the short options are due to expire.

I made two trades in the morning. In the second trade, I rolled over the Oct-1 11 calls to the next week, buying back the calls expiring that day and selling the Oct calls. While I am delighted with these results so far, I could have done much better if I had waited until near the end of the day on Friday.

Several subscribers have written in to say they tried this spread in their own accounts, many of them picking different strike prices. Apple was expected to introduce IPhone 5 on October 4.

For the first time, Sprint will be able to sell an IPhone. It could be a big deal for Apple, and all of us who are betting on their stock. Our options portfolio had outperformed the purchase of stock by a huge margin — gaining 4 times as much as the stock gained. You could easily use this same strategy on any stock of your own choosing, and presumably do as well assuming that you picked a stock that went higher.

This report is worth many times the price of the entire subscription by itself. This is what you get: But you must order by October 11, Click here — http: You will learn a strategy that could pay you back many times over, and do it every year for the rest of your investing life. Option prices are higher than they have been in several years.

Today I would like to suggest a way to capitalize on these high prices be selling some short-term premium. You might double your money in a week. Maybe you would be unlucky and it would take two weeks to double your money of course, there are no guarantees in the investment world, but this one looks pretty good to us. Right now it is resting very close to the lower end of that range.

To place the spread that I am suggesting, you first need to make your best bet as to where the stock will be trading at the close of business on Friday. Your chances of picking the right strike price are about as good as picking the right horse in a horse race, but the good thing about the calendar spread is that if your horse comes close to winning i.

When you buy a calendar spread, the maximum gain comes when the stock ends up at precisely the same price as the strike price of your spread. At that price, the short position expires worthless or very near to it and the long side will have more time premium than any other option in that expiration series.

Once you have made your best bet as to where the price of SPY will be next Friday, you would put this spread on placing this trade:. This sample is for the strike you might select a higher or lower strike. If you select a strike of or higher, we would recommend using calls, or if lower than , using puts, although mathematically it makes no difference.

It will probably be less than this if you place the trade today or tomorrow. You will have two opportunities to get your investment back and hopefully, more. The first will come on Friday October 7. You will buy back the call you sold short and sell the next-week call at the same strike. This is the trade you would make then:. You would have all your money back, and when you made this same trade a week later on October 21 , anything you received from the sale would be pure profit.

An alternative move would be to close out the original calendar spread on October 7 rather than rolling over for another week. This little option spread might be a way to get your feet wet in the options world, and you would learn a little about how calendar spreads work without having to wait very long to see the results.

The closer your selected strike price is to the stock price when the short options expire, the greater your return. We hope you will re-invest some of the gain you might make by taking advantage of our discounted price for new subscribers who come on board by October 11, Here is that special offer:.

Apple will introduce iPhone 5 on October 4. For the first time, Sprint will be able to sell an iPhone. Last week was the worst week for the market in a year. Most investors are not happy campers. A few of our portfolios did quite well, however. Our bearish one gained, of course, but two others did well in spite of the crashing averages.

Last week, the stock fell slightly, but our William Tell portfolio gained 2. This is the portfolio I would like to talk about today. Carrying Out the Last Minute Strategy. We carry out one portfolio that is a little unusual in many respects. It is entirely in cash until late in the day each Thursday. At that point, we decide whether we expect that SPY will fluctuate by more or less than a dollar on Friday.

Other weeks, when the stock has moved by a dollar or more for several days in a row, we would expect that level of volatility to continue on Friday which often has the greatest volatility of the week. If we expect the market SPY to move by more than a dollar on Friday, we buy straddles or strangles. If we expect it to move by less than a dollar on Friday, we buy calendar spreads the long side with only 8 days of remaining life and the short side with one day of remaining life.

The effect is obtained by air drying the paper under minimum tension. Felt is a soft texture on uncoated paper that is created during the papermaking process with a either felt covered roller or with a rubber roller with a felt pattern that creates the finish. It can also be accomplished as an offline process. The felt finish does not affect the strength of the paper. A gloss finish produces a shiny and reflective surface on one or both sides of certain coated papers.

A higher gloss is usually seen on higher quality coated papers. The gloss finish is produced from compounds added during the paper making process. A laid finish has the appearance of translucent lines running horizontally and vertically in the paper. It is produced during the papermaking process with a special roller that creates the pattern in the wet paper. Linen finished paper resembles linen cloth and is usually produced after the papermaking process as an offline embossing process. A finish on certain coated papers that is smooth but gives a dull appearance.

A matte finish, as well as other types of coated paper, are good choices for print jobs in which high quality is required. A paper finish that has an old or antique appearance and is the result of washing sulfuric acid over the paper and then quickly neutralizing the acid wash. This process melts the outer paper fibers which fill the voids in the rest of the paper.

Schwab Password Reset

Given the recent popularity of corporate stock repurchase programs, this paper provides detailed information on how a corporation engaged in this activity may use either standardized or FLEX options to help reduce the cost or hedge these share buyback programs. Paper Options. The paper you use is a critical factor in the appearance of your printed projects. For most of our products, has limited paper options to those most popular for the usage. A basic white, coated cover stock sturdy enough to stand up to the wear and tear of postcards. Note: If you require a paper option. If the stock ends up at about where it is right now ($69) when the October call options expire on Friday, October 19, , the graph shows that you could expect .