Looks like I missed my opportunity with the VIX....over 14 today. Up 16% in a day. Oh well, maybe next time.
Note to self: next time the VIX is bumping up against 12....BUY INTO THE DAMN THING!!!
SIRIUS XM SATELLITE RADIO FORUM
Looks like I missed my opportunity with the VIX....over 14 today. Up 16% in a day. Oh well, maybe next time.
Note to self: next time the VIX is bumping up against 12....BUY INTO THE DAMN THING!!!
Well we really don't need to worry bout that now do we?Originally Posted by bdp.
Anywhoooooo....just gotta go play the cards when and how they are dealt guys. Is anyone really surprised? if ya are....maybe you need to sell and move on to greener pastures.
Had not but it sounds pretty reasonable. Don't do options but at some point will experiment. Trade sounds pretty solid.
Well the price has moved up to 3.91 and in the meantime the Sept $4 call has moved down to about $.06. I may put a buy/write limit option out there and see if it fills but I doubt it will.
Can you elaborate on this a bit more please.....options novice here.I may put a buy/write limit option out there
A strong close to the weekend today and tomorrow would be nice...
SiriCS.jpg
Siri actually showing BigBalls for a change this week and especially today with the market and media stocks in particular taking it on the chin.......lmca and lbrda making big comebacks as well from their lows of the day.
Decent volume too.
Only thing thats gonna put us over 4 is BIG news!
It's just a fancy options-trader way of saying I'll put a limit order in to buy the stock at $3.88 and then put in a $.10 buy limit order on what would be a Covered Call (because I now own the stock it's "covered" should it hit $4 and get called away from me vs. a "naked call" if I did not own the stock).
Some systems, such as mine allow you to do that in one combined transaction. Some systems make you do it in two separate transactions. If I do it, I may just run two trades anyhow because the chances of me getting a $3.88 purchase on the stock AND an $.10 sale on the call are pretty slim from the looks of it (As the price of the stock goes down, so does the price of out of the money calls). For example right now, at this moment the stock is trading at $3.92-$3.93 on the bid/ask and the Sept $4 calls are going for $.06-$09 on the bid/ask. So the best I could hope for right now would be to catch the $3.92 bid on the stock and the $.09 ask on the call and so my profit if exercised would be only $.17 instead of the $.22 I was looking at before.....I dunno if I misread that before or if it really moved but that's a big difference....enough difference that I probably won't do it.
Oh, here it is....I DID misread it....I must have been looking at the October $4 calls. They are going for .09-.10 on the bid/ask.
Last edited by user34615145; 08-06-2015 at 02:59 PM.
Reply With Quote
