Monsanto JUN 08 Calls

R

rudygekko

Any opinions on MON options expiration tomorrow and where we'll be? I got stuck holding a crapload of JUN 08 150 calls, got greedy, and now I'm paying through the nose. Anyone in the same boat?
 
MON just isn't volatile enough to stage enough of a comeback to help you out on exp Friday, IMHO. I held SPWR calls at a pretty good loss in May, but the stock's so volatile the calls actually increased 5-fold a day before exp and went to break even. The real lesson I took out of it is to set stops on front month options. You're taken out if the trade doesn't go your way, and you can always re-evaluate it after that. One other lesson: If you're stopped out, DON'T jump back in at the next little pivot :eek:
 
Quote from rudygekko:

Thanks for the advice NoDoji.
More...

Yeah, I feel your pain; had to say bye to $8K this month because I didn't take the early profits on a slew of June calls and got killed on a gap down.
 
Quote from rudygekko:

Thats about how much I stand to lose as well. This definitely sucks!
More...

Buy smaller positions for a while. I've been trading RIMM, V, and AAPL on strong dips very successfully. V calls this month paid back most of my $8K loss.
 
You must log in or register to reply here.
Back
Top