Interesting to note - the lower fibonacci retractment support level for BEHL today was 0.0534, pretty damn close.
ramble ramble
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Interesting to note - the lower fibonacci retractment support level for BEHL today was 0.0534, pretty damn close.
ramble ramble
re: QASP
hmmmm, somebody needed a shitload of shares . hence the 911 ,100 ,911 trades at the EOD.
copied this from a post on the hub.
Some information about Form T:
This is sometimes used by financial institutions that are non market makers to report larger transactions that actually occurred during market hours, but since they do not have access to the ACT (Automated Confirmation Transaction Service) use Form T to report. In essence, bypassing the MMs.
MMs are basically prohibited from these "Off Market transactions".
A pattern or practice of late reporting without exceptional circumstances may be considered conduct inconsistent with high standards of commercial honor and just and equitable principles of trade, in violation of Rule 2110.
These ”Off Market” trades are typically used by larger investors to buy larger lots at prearranged prices without risking to drive the price upward or downward.
^^^^^ spammer!!!!!!!!!!!!!
obv charles deleted the post..hhahahah...
Sorry for the drop in BEHL...but was able to pick up 4000 shares...damn account only had 300 and change in it...Actually had 1600 yesterday...when BEHL cont to climb...picked up 25k more of BCLE and 1M MGLG.
re: QASP
it is obvious that form T was traded at the VWAP. now who and why? was it by whoever was selling the past few days? or from 1 market maker to another?
bill, this has got me more curious than worried. actually not worried at all, im just trying to figure out if the multiple 911 trades was some kind of signal.
as far as the fundamentals of the company, i love it. and look at the ceo's personal history, he's an immensely successful entrepeneur with a great track record..... just gotta have faith in their intentions and let this one ride.
Bill
Patience has finally paid off. been holding SIRI and avg down (since the stockpickin genius that i am) began buying SIRI pre-merger! What a dipstick!
Well...the man with the gynormous buck teeth...finally made good on my investment. SIRI up to .558 AH as of now! Breakeven... .5105
It is about F%^King time...I am now waiting for the interest payment! let's see 53K X 50% interest = $26500...that oughta do it!
EDIT now .55 AH
Jeff
PS The buck toothed beaver said that he'd pay the case of MM for me!
Good for you, it's hitting support and resistance lines almost perfectly these days too - it bounced off of 0.37 support twice, then past upper resistance 2 days ago by a supreme fraction of a penny, then hit the next resistance on the money yesterday, then started exactly on support today, and pierced the next resistance line... hope it keeps chugging. I have it in multiple accounts, so I'm hoping it keeps it up far enough to build yet another base. Think it can clear $1 by the third week of jan? Calls are cheap, and it would be an easy way of getting more shares with a bit of insurance. 0.51 is an older support line that hasn't been used yet, so hopefully, there won't be a drawdown past that.Quote:
Originally Posted by just sirius
DR D
does it need to clear $1 to become profitable? what if SIRI starts trending up do the jan call options become more valuable?
if i want to spend $1000 on SIRI call options for jan (is that the furthest out) how do i buy (buy to open i think) and how many contracts.. i use etrade, my commission is 9.99 plus .75 per contract.
DR D
Thank you for all of your technical expertise! I know that this run still has some legs in it. 2nd qtr results may very well be the catylst that cont to drive the sp higher... Probably will get a retrace... .51 would be OK...hopefully no lower than .55 depending on top of this run!
Where do you think SP will go tomorrow?
Planning to take a little off the table...
Jeff
Yes and no... initially, they will be become more valuable provided SIRI gets up a little closer in price. Since they are trading at 0.10, they should get more valuable, ie. say SIRI jumps to 0.70 and starts holding there - but, when it gets closer to time (the last few weeks), if it doesn't look like it will clear, they will rapidly become less valuable. As in, if SIRI doesn't clear $1 (and look like it will hold) by expiration date close then they are truly worthless. So even a week before expiration, if SIRI was 0.90 on monday, then 0.80 on tuesday, you'd likely sh*t your pants on the drop in value of your contracts. By thursday, even a recovery to 0.95 likely wouldn't bring it up all that much and they'd likely be trading around 0.15 or so, cause now, its just better to just buy the stock - there's no advantage to buying the contracts.Quote:
Originally Posted by bassmaster
Now, if SIRI did pass $1 at any point in time, then of course, they are worth some money, especially if you got pretty far past it. But still, if you waited to sell your contracts and the expiration was a few days away and SIRI looked like it could close around $1.10 or so by friday, then again, the contracts will have some value, but not much. Near the actual expiration day, the contracts reach what's called intrinsic value, meaning the price is basically the same as what the value was if you just bought 100 shares on your own, so think of it that way.
So today, if the price ran up, and say got near 70 cents, then perhaps those 0.10 or $10 contracts may go up a nickel or two or three - giving you 50% to 150% gain, but like said earlier, you'd only get the bid.
Now if the reason you want to buy them is so that you could buy 100,000 shares of stock, its best to really be sure that you think it will be up and above $1 at some point.
Yes, buy to open, sell to close. The contracts are quoted 1/100 of the cost... so last I looked, the ask was $0.10, so that's $10, so that would be 100 contracts you could afford, provided there is enough volume. Currently, the volume was 1430 contracts today. I also see that the last was 0.13, so they are starting to move from basically worthless. $0.10 contracts aren't worth much if your commission is more or close to the price of the contract. Now your broker may only allow you to also buy in or place bids/ask in 0.05 increments. But you may get a better price.. I got an inbetween price today on the EXM calls.Quote:
if i want to spend $1000 on SIRI call options for jan (is that the furthest out) how do i buy (buy to open i think) and how many contracts.. i use etrade, my commission is 9.99 plus .75 per contract.
You can get the info for the current contracts here:
http://finance.yahoo.com/q/op?s=SIRI&m=2010-01
that link is for jan, but there is a pulltab across for other dates - note, anyone could write a contract to add to the open interest at any time - so the open interest is not a limit on the volume.
Just a word of caution - trading just contracts over a longer time period is definately difficult. I won't do it on my own. It's difficult for real pros. (I paid for a service before (my subscription is still good) and the strategy was intermediate term on contract trading and this guy is a master at intermarket TA).
If I were to plop $1K down on contracts, I would bail out as soon as I had a lead. Right now, with them as cheap as they are, the commissions are a little hefty...
At least yours is 0.75 a contract, mine is 1.25 at one broker, can't remember what it is at the other, but you may have to get kind of a decent rise in price to make it worth the risk.
If SIRI drops after earnings say, and falls where it is now, it may be difficult to get 0.05 for them.
I'll post more in that other thread.
Example here - we are still a couple weeks out, but check this out...
http://finance.yahoo.com/q/op?s=AAPL&m=2009-08
See how the puts both went up and down in value?
The $115 puts went down in value as opposed to up for AAPL today, even though AAPL went down in price, thats because the price is so far off and the volatility of AAPLs stock price dictates that the price likely won't hit below $115 by the third week of Aug.
In fact, the $130 strike puts didn't change in value, and you can see that for all the strikes above the actual volume is negligble at best when compared to the open interest.
So, I guess what I"m trying to say is, if you think the price is going to just surpass a dollar by a little, the risk isn't worth it. If you think the price will be $2-3 in october, then by all means.
I"ve been messing with some options calculators to calculate odds and such on prices... I'll update that too later.
I've been watching the option prices the last week or so, today is the first day that the value has changed, and its 0.03 or $3 a contract for those Jan calls.
Anyway, you want some momentum on your side, the best case scenario is that the earnings get a runup and the earnings are good.
Time is ticking though, as the price moved today, did you get yourself cleared already, that could take a day or two.
whatever you do, don't buy the $2 strike price and above contracts, there is no point, if the price gets to $2.10, the $1 contracts are worth a bunch, but the $2 aren't that valuable. I see people are buying those, and they don't understand the concept- even if siri hit $10 a share, the $1 contracts are worth more than the $2 ones. Unless I'm missing something.