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My long position cost is 10k. Buying 15 OCT18 $7 strike put contracts @ .30 is only $450, so that is what I would be losing every 6 months if they expire worthless...as they are expected to thus the cheap price. If BK then each contract as mentioned would be worth around $700 * 15 = $10,500...

If my position (book value) is 10k and it goes bk then I have lost 10k. How much would 1500 7 strike options be worth if price goes to 0?

I already mentioned in my first post the position is 10k..so I need a 10k hedge...or a way to guarantee my position is worth 10k in a worst case scenario. 15 OCT18 7 strike contacts x .30 = $450 1500 x $7 = $10500 10 OCT18 10 strike contracts x .85 = $850 1000 x $10 = $10,000 30 OCT18 3...

Lol it's just a question but it seems about right...$450 ($3/day) for 6 months protection. I checked a few other stocks and pretty much the same.

GME

That's not a hypothetical...those numbers are from the option chain. I'll post screenshot when market open.

Are we just going to ignore the question? Lol

BK = Burger king of course. :) Being this is a stock trading forum, one would expect the BK initials to be widely recognized if not easily decipherable considering the context. Anyway I edited the title.

I can purchase OCT $7 puts @ 0.30 to protect a 10k position. 15 contracts @ .30 = 1500 *.30=$450 If price drops to 0 I get 7*1500= $10,500 Hedged! What am I missing?

That sounds a lot like stack overflow. If someone knew how to ask the question intelligently then they probably wouldn't need to ask the question in the first place. :) To the OP imo don't waste your time with time and sales or level 2... there are hidden orders so you are not getting the whole...

This is an actual example of a GME May31 35 call at close yesterday and open today. So the PnL profit line is a general estimate based on current IV levels...if the IV changes then all calculations will be off. Ie if I had placed a stop at .58 for the price of the option, allowing for a drop of...

(call option) Stock price: 23.58 Delta: 0.206 Gamma: 0.031 Premium: 0.87 Forecast Price drop: 1.40 Delta affect on premium -0.2884 (1.40 * .206) Resulting premium: 0.58 (0.87-0.28) Actual Stock price: 22.18 Delta: 0.121 Gamma: 0.027 Premium: 0.43 Gamma slip: -0.1516 (0.43-0.58) If you...

I'm not interested in connecting to a broker for trades...just wanted the info.

I'm currently using unusual whales, but signed up for the CBOE LiveVol trial to check it out. It's $13/month after the free trial. https://www.livevol.com/

Once again the news is facilitating what the chart has been showing for over a month. By the time you guys get the news I have already charted the outcome months prior lol.

This is looking more like a 3 sub division instead of a 5 so could be onto a double correction...if it drops below 0.5 fib level.

That's funny because hodlrs refresh the Lambo page every day to check inventory. :) The only reason this "digital coin scam" bothers you is because you missed out on a life altering opportunity. You shouldn't even be on a stock forum wasting your time whining about it, you should be out with...

TA is telling me we have another leg up to X, to complete the 5 wave count, and then it will be a wait and see if we head down for a double correction or not.

LOL so they are setting themselves up for a world of hurt!

Why would anybody want to trade in a prop firm anyway and be stuck following their stupid trading rules like cutting losses early and taking partial profits...amateur hour.