CAT options

[gobar]

Bought 10 Cat nov 55 put option for 5.40..

lets see I can hold CAT for some time till market goes back to 1000.

 

[KINGOFSHORTS]

Quote from gobar:

Bought 10 Cat nov 55 put option for 5.40..

lets see I can hold CAT for some time till market goes back to 1000.

Did you look at the greeks before you went long those puts?

 

[RainmanRam]

Quote from KINGOFSHORTS:

Did you look at the greeks before you went long those puts?

What are the greeks telling you KINGOFSHORTS? I'm not a greeks trader, enlighten me.

- Ray

 

[dagnyt]

Quote from RainmanRam:

What are the greeks telling you KINGOFSHORTS? I'm not a greeks trader, enlighten me.

- Ray

The Greeks serve one purpose only - but it's a vital purpose.

Greeks measure risk.

If the risk metrics of the trade are ok with you, there is no need to do anything. If not, you can reduce risk. That's it in a nutshell.

Mark

 

[spindr0]

Quote from RainmanRam:

What are the greeks telling you?

Try the souvlaki!

 

[gobar]

sold half CAT 55 options for $6.00

i will take sell other half around 7.00