TRYKtrading.

Quote from TRYKtrading:

B10000MGA@36
B100JUL40C@1.00
B100JUL40P@4.00
S200JUN35C@1.75
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I am`modeling the position in thinkorswim, and I see that the open interest on the July 40 put is only 43 contracts?
 
Quote from TRYKtrading:

yes, it's a pending order. i want to lock in at 40 for JUL but i don't think i'll get it at 4.00 even. probably have to up it to 4.50. not sure how that affects the trade.
i may have combine it and recalc.
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Yeah, I think so, as the gains would be around 6,000 with the prices you are looking for. The straddle looks to be around 5.60 midpoint.
 
Quote from veshie:

Yeah, I think so, as the gains would be around 6,000 with the prices you are looking for. The straddle looks to be around 5.60 midpoint.
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it will trade in a tight range now that the news has settled down.
i made my trade on this last week, i may wait it out, but on any pullback, MGA is a buy.
next resistance level is 62, 200DMA is 67. that's a massive upside 3-6 months out.
so the SEP or DEC calls and puts is prob a better play.
 
Quote from TRYKtrading:

S10000@39.49
+31300

the options were cancelled.
not bad for a few hours' work.
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Good job. Yeah, that June 35 call is up $55,000 on 200 contracts, so that would have been painful. Why did you want to sell 200 of the June 35 calls if you were bullish?
 
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