I'm buying calls

Quote from plugger:

Maybe someone can help me out with this. He bought calls so he must be making a killing in this market (since the indices have dropped since he posted this). Am I right on this? (calls = you expect a down move in the indices?)

I'd like to know because his timing seems to be pretty good and maybe I'll tag along on some of his future trades (if i'm lucky enough that he'll post them).

You are kidding right?
 
Quote from stock_trad3r:

holding stead...still a month till expiration. we'll see 900 in no time.

Again, how many contracts of the aforementioned calls, and what is the average entry price?

How hard it is to write this:

I bought 20 calls on the SPY with Feb expiration, strike 85 and I paid $2.50 per contract?
 
Quote from plugger:

Maybe someone can help me out with this. He bought calls so he must be making a killing in this market (since the indices have dropped since he posted this). Am I right on this? (calls = you expect a down move in the indices?)

I'd like to know because his timing seems to be pretty good and maybe I'll tag along on some of his future trades (if i'm lucky enough that he'll post them).

I can't stop laughing at this quote.....oh, boy, not a very sophisticated audience here.
 
Quote from stock_trad3r:

I don't intend to fail

So which expiration did you choose? It's always best to pay up for at least the at the money expiration at least 3 months out.
 
Quote from bwolinsky:

So which expiration did you choose? It's always best to pay up for at least the at the money expiration at least 3 months out.

The one that expires in about a month..3 months would be more conservative obviously, but I want to make more $ and I'm very confident the market will surge
 
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