GE Put Options

[heech]

Quote from Vinny1:

GE at $8.86 as I'm writing this. The puts are at $4/contract. I think I'll pat myself on the back for a super trade.

LOL.

Fools and their money.

 

[KINGOFSHORTS]

heh, Vinny1 gets the last laugh.

 

[SForce]

Quote from Vinny1:

GE at $8.86 as I'm writing this. The puts are at $4/contract. I think I'll pat myself on the back for a super trade.

When you're done patting yourself on the back for your hard work and risk management, hit up a GA meeting and then drop by church on Sunday.

 

[Subdude]

Why not just end the uncertainty and cover now? You are still making $20/contract. It's 2009, and writing naked puts on GE is kind of like doing the same for BSC, the week before its collapse. Today's rally is running on fumes, IMO.

 

[akeserla]

Guess lucky is the word, it was either 50k or the streets. Nobody gets lucky all the time

 

[captain_trips]

Quote from stock_trad3r:

GE has to be one of the worst stocks ever along with DRYS and AA.

for those scoring at home GE (+19.7%), DRYS(+12.6%) and AA(+13.5%) all singlehandedly outperformed EVERY component of the turd3r index today

 

[xflat2186]

"if I had a gun for every Ace I've drawn...."

never mind if you wanna bellieve he made this trade then go ahead its the internet everyone is rich and good looking.

 

[Vinny1]

Quote from Subdude:

Why not just end the uncertainty and cover now? You are still making $20/contract. It's 2009, and writing naked puts on GE is kind of like doing the same for BSC, the week before its collapse. Today's rally is running on fumes, IMO.

I would rather make the extra $10,000 for 1 more week of waiting, as opposed to covering now.

 

[Subdude]

See the message posted just before yours. Post your daily statement with the account info blacked out. Your trade sounds as real as Madoff's.

 

[Bigpipn]

It doesn't matter whether you are right or wrong, no risk manager, anywhere in this galaxy, would have allowed that trade.