Not if JEF hits $8 before they expires. I will slowly unwind those options if JEF break above the 20DMA, I might even roll these options over to a longer time frame.
hahaha when you buy a house in Costa Rica, you pay cash, gold bars, or cows. there is no mortgage in that country I don't think. lol
Get real... that sounds like heads you win, tails I lose kind of bet. Go drink some more water.
By the way, I don't expect JEF to hit either prices any time soon. That's not the nature of my trade, but you continue to miss the point.
The house in Costa Rica cost $190k, it's 10 min walk down the hill to the ocean. 3 bedroom villa on a hill facing the ocean.
I have 2600 JEF shorts, 80 contracts Jan 2012 $16 puts. avg. price of $1.20, 145 contracts of Dec 2011 $16 puts avg. price at 80 cent
I also bought 26 Dec call contracts for my shorts protection which I paid with profits I took from cashing some of the JEF shorts few weeks ago.
if you know how much these options are currently trading, then you will know I can buy a much bigger villa in Costa Rica. I might get one in Columbia instead.