Will I get filled GE Bid 11

[wartrace]

Quote from Don Bright:

Naked put, yes. Selling one call, buying 100 shares and having it called away leaves you with zero.

In any event, I'm now long the darn thing, hope it gets back up a bit.

Don

Ah, your right. I wasn't thinking right when posting that. (Just finished a 800 mile drive home from vacation and am still getting my thoughts together )

Sorry for throwing that false idea out there

 

[forexsnipper]

got in too

 

[Don Bright]

Quote from wartrace:

Ah, your right. I wasn't thinking right when posting that. (Just finished a 800 mile drive home from vacation and am still getting my thoughts together )

Sorry for throwing that false idea out there

No worries, I just like to make sure that those 11 years on the options floor weren't in vain, LOL.

All the best,

Don

 

[KINGOFSHORTS]

Still on the sidelines but I find it odd that someone entered a synthetic long position in GE at 10 via selling a shitload of puts and going long a shit load of calls for
jan 2010

21,000 contracts which would be the equivalent of going long 2.1million shares.

Highly leveraged position.

Plus you have the recent doom and gloom information floating around about GE being only worth 2 bucks around the last few days.

 

[KINGOFSHORTS]

I should have bought in the 10.60's I would have unloaded at 11.40's

Oh well I got a bit concerned with the velocity of the decline in the last 2 days.

Better safe than sorry.

 

[Landis82]

Quote from KINGOFSHORTS:

I should have bought in the 10.60's I would have unloaded at 11.40's

Oh well I got a bit concerned with the velocity of the decline in the last 2 days.

Better safe than sorry.

Why not just trade the stock TECHNICALLY and get long above last Thursday's high at 11.00 instead of worrying over blah, blah, blah?