1 option contract = 100 shares
9400 contracts x 100 shares = 940,000 shares.
That is if I am reading your question correctly. :)
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1 option contract = 100 shares
9400 contracts x 100 shares = 940,000 shares.
That is if I am reading your question correctly. :)
@brian65PLS
If you are interested in KEEPING the shares until you can come up with the cash to eliminate the margin loan, I think (I THINK) margin interest offsets capital gains- from a tax perspective. I only mention this as it makes "paying" the margin interest more palatable. Check with Steiny or your tax professional before acting. I am NOT a tax professional (nor did I sleep at a Holiday Inn last night) so my advice is not to be relied on as pure fact.
:annoyed::annoyed::annoyed::annoyed:.......
everything turned out fine. Shares sold at 56 cents rather than Friday's close of 55 cents. Made hundreds and learned a valuable lesson.
If someone were to offer me a bet whether or not SIRI would break up tomorrow I would wager yes.
Because : yes.
Done staring at the charts.
Golden cross on LMCA today:popcorn:
Golden cross about 4 trading days away for SIRI if we can hold in the 3.50s
volume sux today
SF i hope no one made you that offer.
I dunno man it's up $0.005 ! Forgot about the stupid Fed minutes today. Locking everything.
I will say the longer it drags on low volume sideways at highs like this the more I like it. Just pulls all those averages up.
20 day breaches 200 tomorrow. 50 shortly after.
The whole thing is setting up for a 1, 2, 3, 4... and on and on punch.
Still feel like we need to see a debt issuance announcement to indicate the third $2 bil is locked in and ready to go.