who feel like doing something proactive?
March 8100 calls on the Dow—DJXCC–$225/piece.
Jan 2011 5 calls on Citi were trading around $138 today. I think I made a solid move.
And the sea shall grant each man new hope as sleep brings dreams of home ~ Don Cristobol
The Morris Island Lighthouse web page
www.savethelight.org
The recent posts about getting spiders safely outside reminded me of something I heard once about house-spiders being an entirely different species group from the spiders we generally see outdoors and they have evolved overtime for indoor-life only. This means that when we “set a spider free” we are actually killing them.
Lets see. Citi suspended foreclosures in anticipation of Gitener. I suppose if private capital flows in and Bama leaves them alone for 2 yrs. All things considered, gutsy but the payoff may be well worth it.
the delta on the Jan 2011 5 calls was 63 with a gamma not worth mentioning. Pandit is gone, Obama and his peeps are “working” things out. if these calls are at the money when they expire then you are even money…anything extra is gravy.
And the sea shall grant each man new hope as sleep brings dreams of home ~ Don Cristobol
The Morris Island Lighthouse web page
www.savethelight.org
The recent posts about getting spiders safely outside reminded me of something I heard once about house-spiders being an entirely different species group from the spiders we generally see outdoors and they have evolved overtime for indoor-life only. This means that when we “set a spider free” we are actually killing them.
quote:
Originally posted by Bonzo72if these calls are at the money when they expire then you are even money…anything extra is gravy.
I’m no rocket scientist, but if you paid $138 for the contract, I’m pretty sure your break even is $6.38/share @ expiration.
Which means you lost money if the calls are ATM @ expiration.
Sure, it’s alot of theta bang for the buck…but as we all know…if it sounds too good to be true…
Oh well. Early indicators say tomorrow we may break through the closing low. Who knows, Bami is supposed to unveil ( I guess he wishes he could do the same with Jessica) his housing plan.
It was only a small bet.
March 52.5 WMT calls
Richie
scratch my earlier comments…we have now screwed the pooch!
And the sea shall grant each man new hope as sleep brings dreams of home ~ Don Cristobol
The Morris Island Lighthouse web page
www.savethelight.org
How about March 100 IBM calls… WMT did good today, but probably need to watch it in the morning. It looks like never has more than two up days in a row. Oh well, hopefully people will be looking at it as an answer to the chaos, or need to cover their open positions for Friday.
Richie