Recent content by Trinitytrader

And to think 3 months ago Citi was going to buy Wachovia and save them from bankrupcy, now Wachovia trades at a higher price than Citi. How ironic

Out of control inflation and a tax and spend congress led by our old buddy Tip O'Neil, Had CD's paying 15% that was great banks doing anything to get deposit's.

Unfortunatly it feels like 1976 all over again, many on ET are to young to remember the Carter years. After 6 years of Nixon and 2 years of Ford everyone was preaching Change, Change, Change we need change. Fours years later and interest rates at 20% you couldn't find anyone who voted for him...

I was taking this the other way and looking at the July 25.00 Puts

Rennick, I assume your paying the 7.99 a side as a APEX client, are you using the Quote Tracker Platform for your trades? It's the only thing that makes Ameritrade usable.

That was my thinking with the Oct Puts, that gives you esentially 5 months to work with. I'm not looking to get exercised and own the stock I'm just looking for the value of my Put to increase and sell it at a profit. In the mean time I can also sell the Puts month to month and pick up the premium.

Thanks I believe I've got it, like I said this was not a trade I made I was just looking at it on Monday as a possible short term premium play.

You may be right, however my thought is the only thing holding the price up now is the possible buy out, remerber this was an 18.00 to 19.00 dollar stock prior to the Microsoft offer, as the possibility of a buyout diminishes I believe the dollar value of the stock will decrease maybe not into...

Thanks for the reply, so I would be exercised at 32 and own the stock at that price, where by I could then sell short the stock and my gain would be the difference from the 32 strike to it's current price correct?

I've got the Oct 22.50 Puts, I figure after the ugly July 3rd share holders meeting Icahn's going to dump his postion and this thing will drop like a rock.

On Monday I was looking at selling the 32.00 strike Puts on WFMI for around .40 figuring with 5 days till expiration I could net the premium. The stock gaped down Wednesday morning to open at 30.00, the question is would the option be exercised at 32.00 strike where by I could then sell the...

That's classic Rick, all the CNBC talking heads wanted to see a big unemployment number and they got a small one, they spent the rest of the day trying to defend why they thought the number wasn't accurate. Santelli is one of the few real traders on there.

I've got the $80.00 July calls on NUE and I'm surprised it has not moved as much as the other steel stocks as there the largest raw steel supplier out there. I'm in the steel business as well and we have seen the cost per ton rise steadly since January which we have been told by the mills is due...

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