The "SPREAD the BOARD" options strategy!!
The BAC Jan, Feb, & May PUTS.
Did we play it exactly right? not at all, but ...
The JAN 12.50s*
*SOLD YESTERDAY?!
BOTD left today's 50% move on the table, but ...
The FEB 12.50s
$2.61 +0.55 (+26.70%)
can't complain, eh?
$$$$
The MAY 12.50s, hmmmm .... a few weeks ago we said, "BUY the MAY 11s." The next day BAC jumped to $14.50ish, so we bought the 12.50s. We should have stuck to our original plan of buying the 11s.
Alas, the 12.50s are too thin (BAD) and too deep in the money now.(GOOD) I know, haha, such a profitable problem, but...
it's time to "Roll-Down" !!! ... sell the May 12.50s, wait for a mini-pop then buy the 10s, or 7.50s .... not sure which, yet.
What Does Roll Down Mean?
When an investor replaces an old options position
with a new one at a lower strike price.
Investopedia explains Roll Down...
When investors are bearish on a stock
they will typically roll down.
"... this industry is like BACteria and my flow is a germ."
19 comments:
LONGS:
RIMM calls.
WFC calls.
ANR calls.
and PBR
g'nite.
Winners!!!!
BG down 100%!!
Take profits!
BOTD - wonderful call on Jan BAC...Was busy these days, stayed until today (by accident ;)) and sold on the dip. Don't have Feb or May though :). What would you consider as mini-pop to enter?
KUB down 4%ish...
BOTD
any luck trading LVS? i have been watching this stock since $3 and reach $8.3 with good volume and been pummeled this week back to $6.25. i am thinking of starting a position here. any thoughts
AMR
Real-time: 10.17 -0.73 (-6.70%)
short* planes made from steel
X
Real-time: 30.38 -2.42 (-7.38%)
short * OIL & CHINA!
PTR
80.52 -3.06 (-3.66%)
COST
Real-time: 47.88 -1.06 (-2.17%)
daddy wins!
tighten stops everywhere!!
BOTD
What was the target on COST Jan 50 puts?
BOTD is the truth!! Make money and listen to DIP Tracks!!! Best of both worlds!!
New BOTD Quote...
2009 is the year I get mine!!
Right is down!
AMR
LOw of Day
Real-time: 10.04 -0.86 (-7.89%)
citi group, .... aren't they a bank ?
Real-time: 4.54 -1.36 (-23.05%)
covered COST and JRCC.
both winners!
rule #5, this is tooooo easy!
spec longs:
added TNA $26.28 and ERX $32.79
hold the bucket.
"Get Short, Stay Short"
BGZ
69.18 +6.17 (9.79%)
TZA
60.22 +6.94 (13.03%)
"get SHORT, stay SHORT!"
BAC dat ass up!!!
After Hours: 9.69 -0.51 (-5.00%)
Bank of BOTD.
someone is making money on BAC puts I sold today LOL
FAZ 55 !?!
After Hours: 57.00 +3.58 (+6.70%)
... hmmmmmmmmmmmmmmmmmm
Post a Comment