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GE Put Options
- Thread starter Vinny1
- Start date
GE has to be one of the worst stocks ever along with DRYS and AA.
Quote from Vinny1:
I sold 2,000 put contracts today of the GE March $5 strike at $25/contract for a total of $50,000 in premium collected. I just wanted to get some opinons on if you guys think GE will go below $5 by March 20th.
POST A SCREENSHOT or its just BS...which it sounds and smells like...i ll delete this post and apologize to you if you do post a screenshot...to many bs ers here on et though.
Quote from Vinny1:
I sold 2,000 put contracts today of the GE March $5 strike at $25/contract for a total of $50,000 in premium collected. I just wanted to get some opinons on if you guys think GE will go below $5 by March 20th.
Look at AH trading right now.
I hope you went long 2.5 puts.
how much are you out of the money if....let's say GE goes down to $3 by the expiration?
My screener says 81% probability that it ends up above $5 share, and 19% probability that it goes below.Quote from Vinny1:
I'm hoping that over the next 3 weeks, it stays above $5/share, otherwise, it will turn into a long term investment for me.
You do realize that you also need $1 mil in buying power lying around in your account, ready to pay for 200,000 shares of GE at $5? (And if GE does go to $3 at that point... you'll immediately have $400k in unrealized losses?)