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SPDR Dow Jones Industrial Average ETF Message Board

  • flying.phantom1 flying.phantom1 Nov 9, 2010 11:48 AM Flag

    miltonmclau.YOUR THINKING IS RIGHT BUT YOU ACTED AHEAD OF A SELL SIGNAL ON DIA.

     

    Miltonmclau.your thinking is right but you acted ahead of a sell signal on dia.

    &

    that means there will be time erosion of premium for every day that passes as we get closer to nov 19th if dia does not pull back enough.

    now do the math.

    if you paid $ 80 for every contract of nov 113 put, then for you to break even dia should & must be below 12.20 by nov 19th.

    for you to make any money, dia should & must fall below the price of 112.20 by nov 19th.

    just in case if dia drops down to 113 by nov 19th but does not fall below that price, then the nov 113 put will expire worthless.

    i wish you good luck, but the fraud markets do not work on hope, wish or prayers either.

    just sharing my 2 cents of simple thoughts.

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    • something is wrong with your math. the market dropped to 11303 and the Put option was 1.17 . I got in at .80 cents that is on 46% profit. Following me on my trades with DIA. I will post when I buy and you can check it. Depending on when you get in you do not need big moves to make money. Please let me help you there is easy money out there. I wish I could show people this.

 
DIA
159.98+3.18(+2.03%)Feb 12 4:00 PMEST