You obviously don't understand options. As of lunch time, the position was in the hole $38,000 after deducting proceeds.
AAPL bounced back off close to $370 level.
Your recommendation is terrible.
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Should I panic about my short position on Apple calls?
- Thread starter stevebearman
- Start date
You obviously don't understand options. As of lunch time, the position was in the hole $38,000 after deducting proceeds.
AAPL bounced back off close to $370 level.
Your recommendation is terrible.
Quote from Nine_Ender:
You obviously don't understand options. As of lunch time, the position was in the hole $38,000 after deducting proceeds.
AAPL bounced back off close to $370 level.
Your recommendation is terrible.
The OP hasn't posted the premium he collected, maybe he has a small unrealized profit at this time.
Quote from Nine_Ender:
You obviously don't understand options. As of lunch time, the position was in the hole $38,000 after deducting proceeds.
AAPL bounced back off close to $370 level.
Your recommendation is terrible.
Theta is a whopping! -.38 only 11 days and it just needs to be one penny OTM and he is good to go.
Quote from ForexForex:
The OP hasn't posted the premium he collected, maybe he has a small unrealized profit at this time.
Quote from zdreg:
if u did it yesterday
Position
Short 90 Jan 470 call(s) at $0.26
Underlying stock at $420.00
Minimum applies in this case
Initial Margin
Margin requirement: $380,340.00
Proceeds from sale of short call(s): $2,340.00
Margin call (SMA debit): $378,000.00
"I thought I was playing it safe when I sold 90 Feb. 2012 Apple calls at 470 strike price"
are you in the insurance business? incredible that people think they can compete with people on the floor.
The OP should be panicking by now.