MCD is in big trouble. May not exist in 5 years
- Thread starter hajimow
- Start date
These calls have more than doubled since your trade. When will you take the loss and move on?
Never. I will let them get assigned and then sell covered PUT on them. I have used this strategy zillion times. But thanks that you pay attention and read my posts and question me on my trades. As everyone else who posts in elitetrader, I am just expressing my opinion and also trade on what I post (unless otherwise I mention). I am not advising anyone to follow me. Just a food of thought and trading ideas. Just to prove that I still have that position see the attachment.
Attachments
No Do you? It seems that you know their restaurants prices
Correction. Now I got it. Since you have never traded options, you think a 4 cent option is really 4 cents. It is 4 cents x100 =4 and 17 times $4 becomes $68.
So tell us what is in a 68 cent dish in Cambodia?
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There are some exceptions that cost you $400 or over for one person dine in (they are called rip off places) but in general yes it wont cost you more than $68 for one person meal in a luxury restaurant.
Fair enough, but as a friendly advice, it's fine if you invite someone to a 68$ meal, just don't spout it is a "nice dinner in a luxury restaurant" or you will look, well, not very serious - this might not be true for every cities, including some in Cambodia, but ime it's true in a lot of places, a bottle of cheapish wine or a main course will cost u that much already in a posh non starred restaurant.