How would you bid for the FIZZ April $30 Calls? They will not fill!

R

RabidTrader

I am no Option Trading Pro like many of the Elite Members are. When FIZZ was unpopular I could buy the Options pretty tight without paying their crazy spread! How would you calculate how to buy these Calls because I need to roll up all my Calls from $20 and $25 if Fizz continues its upward spike and does not fizzle out :).


Thank you for your ideas, the Bid and Ask are $2.80 x $4.90
 
i960 said:
Sounds like they're mostly intrinsic value by now. You might be able to short and then let them go to expiration.
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Thank You Sir! Those Storage Space stocks keep on cranking too, I hope everyone is doing well today. I've been preaching the Storage Space, TSN, HRL, and Cereal Makers because GIS had a really great Q. CBOE and LABL continue to surprise me, they can have larger than normal spreads, thank you for these ideas!
 
RabidTrader said:
I am no Option Trading Pro like many of the Elite Members are. When FIZZ was unpopular I could buy the Options pretty tight without paying their crazy spread! How would you calculate how to buy these Calls because I need to roll up all my Calls from $20 and $25 if Fizz continues its upward spike and does not fizzle out :).


Thank you for your ideas, the Bid and Ask are $2.80 x $4.90
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Why would you want to trade an illiquid option like that. The cost of entry and exit is way too much. Not worth it.
 
RabidTrader said:
I am no Option Trading Pro like many of the Elite Members are. When FIZZ was unpopular I could buy the Options pretty tight without paying their crazy spread! How would you calculate how to buy these Calls because I need to roll up all my Calls from $20 and $25 if Fizz continues its upward spike and does not fizzle out :).


Thank you for your ideas, the Bid and Ask are $2.80 x $4.90
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You either want them or you don't - If you want them the ask should not be a barrier.




:)
 
I understand your concerns with FIZZ being a Razor thin stock, I understand the Beverage Industry very well and see their growth potential and will convert all my October Calls in to common stock. Personally I think their going to get bought out, as for paying the Ask, it defeats my Trading Style!


Razor stocks are stocks I follow and hold in retirement accounts, FIZZ is not for those of the faint heart because of its volume. I disclose always before posting these comments these stocks are dangerous and you might have to short the stock and call-away their shares. Let me relate a funny story how I made 8x on one of them!


My style of stocks are stocks that are bucking the system! Thank's for your posts and concerns, please don't ever pay the Ask on stocks like this!
 
I agree, dont trade these options bc the spread just makes them untradeable and will eat your profits. If you get a 100% profit its easy to get that eaten up bc you cant get out of the position.
 
EliteTraderNYC said:
I agree, dont trade these options bc the spread just makes them untradeable and will eat your profits. If you get a 100% profit its easy to get that eaten up bc you cant get out of the position.
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I agree with you, these stock options are really hard to trade and must be done strategically my purpose for posting was to ask how would you price your order if you wanted to buy the April $30s without getting butchered! Paying the ASK is insanity, someone did pay almost $5 and I hope it was nobody on Elite Trader because all I wanted to know was "How would you price your order?". I posted stocks I thought were safe for everyone, I only post what I would have granny buy!
 
If you REALLY want to add this position, and you have a PM account, the April 30 puts being OTM, has a tighter spread. You could enter a married put spread (Common+Put) into the complex order book. You might get a better execution with similar margin and profit potential.
 
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