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Terex Corporation Message Board

  • techmanic techmanic Apr 5, 2013 11:33 AM Flag

    I sold Tex July $30 Puts ths morning.

    The open this morning looked overdone. I sold July $30 Puts at $2.77. Gotta believe I'll get to keep all that cash come July...

    I've got an order placed to buy Oct $33 Calls. Hope that fills at $3.30

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    • lol I wouldn't play short term fluctuations like that. Its like holding a gun to your head!

      I sold my Jan 14 2014 calls in january 2013. I don't like holding options with shorter than a year duration. I was up 200%. I figured we could get a pullback like the one now and the option market isn'f where you want to be unless your 1000% sure the stock will move in your favour.

      • 1 Reply to jamessmarson3
      • I really am not sure why you find this position so amusing...

        I got paid $2.77 for commiting to buy TEX at $30. So, I would be buying the stock in essence at $27.23 should the stock be put to me. I'm really fine with buying TEX at that level.

        Considering Credit Suisse has a 12-monty price target of $46 for TEX, I would be THRILLED to have the stock put to me in the $27 range.... If not, I keep the cash and be happy with watching the TEX stock I already own moving higher...

 
TEX
24.87+0.24(+0.97%)May 24 4:02 PMEDT