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Should I panic about my short position on Apple calls?
- Thread starter stevebearman
- Start date
Quote from atticus:
Shares were at 470 and you're patting yourself on the back?
February 10th is at $23, February 18th is at $20.
With Apple at $493 per share, is there a problem?
The OP wanted to talk to an expert in the tech stock field, and I posted that, so we're talking about the difference between losing 100% to 1,000%.
Quote from bwolinsky:
February 10th is at $23, February 18th is at $20.
With Apple at $493 per share, is there a problem?
The OP wanted to talk to an expert in the tech stock field, and I posted that, so we're talking about the difference between losing 100% to 1,000%.
So we're stuck with you?
Look on the bright side, atticus, and think of it this way... You could be stuck with a total idiot, who endlessly promotes himself and declares to the whole wide world that he's God's gift to all mankind. Instead, you're stuck with bwol.Quote from atticus:
So we're stuck with you?
Oh, wait...
Nothing like some droll humor to end the day. LOL...Quote from Martinghoul:
Look on the bright side, atticus, and think of it this way... You could be stuck with a total idiot, who endlessly promotes himself and declares to the whole wide world that he's God's gift to all mankind. Instead, you're stuck with bwol.
Oh, wait...
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
A quick correction. No way the 470 calls were selling for $0.26 on January 23, 2012, more like $2.60.
Opps its over 500. There is still hope maybe in the next 4 days it goes under 470.