I guess i have to be a little more selective with my trades, i'm still going to hold on until mid week
Strangles & Straddles
- Thread starter RainMaker3000
- Start date
All you did Rain was look at the chart , see where GE used to be , figured 35 cents was nothing, and took the bait. Still , you might get lucky.
How about those chislers that were buying MCITE , thinking they were going to get a 60 cent dividend.
When they appear to be giving it away , they frequently are taking it. Not always, but often enough.
How about those chislers that were buying MCITE , thinking they were going to get a 60 cent dividend.
When they appear to be giving it away , they frequently are taking it. Not always, but often enough.
Originally posted by RainMaker3000
I guess i have to be a little more selective with my trades, i'm still going to hold on until mid week
So RainMaker 3000 did I call it or did I call it? Why don't you post the results of the GE strangle today. The market makers took that volatility straight down. Easiest money they have made in that stock since last quarter when they did the exact same thing. Do me a favor. Next quarter when GE reports and they run the Vol up 20 pts into the announcement sell the strangle instead of buying it. Take that money to offset this recent loss and then stick to plain vanilla equities in the future and consider yourself lucky.
Put is @ $15 -> -75%
Call is @ $25 -> 0%
GE will probably crack 30, it would have been a better directional play
Call is @ $25 -> 0%
GE will probably crack 30, it would have been a better directional play