GMCR giving me the jitters
- Thread starter NoDoji
- Start date
http://xs.to/share-DE0D_4B3B5B4E.html
look at the JAN 85 call for GMCR
i hit it at 40-50 cents range.. darn thing is run up to 1.10.
u have to be GOD to know when is the right time to hit. LOL.
look at the JAN 85 call for GMCR
i hit it at 40-50 cents range.. darn thing is run up to 1.10.
u have to be GOD to know when is the right time to hit. LOL.
darn thing is giving me palpitations.. any suggestions..
close. for loss... or roll to next strike.. h ha .and do the typical double. since
i am -130$ on the 85. call
sell 3 of the 90.. and then when it crossed 90
sell 6 of the 95.. call .
isnt that call the martingale doom strategy.. lol..
fortunately , as I sell naked calls, I do only 1. no matter how tempting it is.
close. for loss... or roll to next strike.. h ha .and do the typical double. since
i am -130$ on the 85. call
sell 3 of the 90.. and then when it crossed 90
sell 6 of the 95.. call .
isnt that call the martingale doom strategy.. lol..
fortunately , as I sell naked calls, I do only 1. no matter how tempting it is.
Quote from NoDoji:
I'm so jittery watching this one, I had to get some tea to calm me down.
My suggestion is watch GMCR revert to $69.37 before expiration...
Either that or it's going straight to 100.00
I hope not.
I sold a few Jan 85s today
11 more trading days until expiry.
from a risk reward perspective I would have waited until monday or tuesday to see what "normal" trading does with this market. The entire move up in the last week can be doubled in one day next week easily.. the only way I would have made that trade was if i was long the stock and equivalent amount of shares as eh options. If you are nervous about a trade then get out or seriously reduce size.
There is no reason to sell naked options during a holiday week in my opinion. You have no read on what's going to really happen in the real market..... next week.
There is no reason to sell naked options during a holiday week in my opinion. You have no read on what's going to really happen in the real market..... next week.
Powerratings : 1
I traded a few times using the powerratings and it worked out well.
I traded a few times using the powerratings and it worked out well.
The stock has momentum. If they say "split", then it will be 100.