Friday, November 28, 2008

The SOUL GLO puts! ~ Frontline Ltd. (USA) (Public, NYSE:FRO)



FrontLine (FRO) 

misses by .20 cents! 

29.54 -3.47 (-10.51%) 

right on the idea.  
 * hat tip StockHustler $$ 




> wrong on the trade.

PUTS down 26%, shit! 

typically we buy at-the-money options.  this time we opted for out-of-the-money ... too far out, eh? 





11 comments:

Anonymous said...

do you still hold the puts on FRO and wait to sell on Monday?

Thanks,

Elad.

BUY ON THE DIP said...

YEP, still holding FROXE!

lets give it a week and see if the market tops out or rips the bears faces off!

gl.

stockhustler said...

wax on.....wax off.

Hold the 25's. Stock will be under 20 in 2 weeks.

Anonymous said...

Amen to that.

Thanks,

Elad.

Mattyrye said...

Dusty Bottoms:

No, we will not die like dogs! We will fight like lions! Because we are..

Dusty Bottoms, Lucky Day, Ned Nederlander:

The Three Amigos!

stockhustler said...

FRO is down again this morning-still early though...6am est

stockhustler said...

BOTD

Make this trade this week. Staples reports on the 12/3. Short it, puts, whatever.

SPLS will be under $15 this week. Now trades at $17.36.

Take that money

Do NOT cut ANY loses with FRO. There will be no such thing.

kevin said...

BOTD!

Here comes the selloff?!?!

BUY ON THE DIP said...

EBS up :-)

the AMIGOS up!

BUY ON THE DIP said...

FROXE!

+1.24 (+88.57%)

StockHustler wins.

BOTD wins.

Anonymous said...

just bought to open SPLS $17.5 Dec. puts PLQXW.

Thanks,

Elad.