I just bought 500 dec $12 calls today. How about you now sell 500 Dec calls (naked of course) and we will see who does better. You can get a good price for them. I over paid (.55) but I wanted them. I basically flipped my Sept calls for Dec calls , for 30cents, as that gives me more time.
Dec is not far away, go for it and make lots of money. There is 25,000$ just waiting for you to make it. Sell the calls and lets see who does better.
I have a little too much in calls so I will probably sell my 50 Dec $10 calls after they make $2.
I also plan to sell 500 Sept $14 calls if I can get 20 cents for them.
Those are my plans.
Now tell us how you are going to short this. Seeing as you are a hedge fund manager (LOL) you can easily make your clients lots of money here by selling the calls. Take my challenge.
You were afraid the last time I challenged you and rightfully so. Will you take this challenge?
I am still waiting to hear from you. You bragged about selling naked $8 calls, you bragged about shorting PWE at under $10. You boasted that PWE would never go over $9.
This is like printing money for you. Why don't you take me up on the challenge?
Still waiting for you take up the challenge.
You said that this would not go over $9. That bold prediction was made at the end of April so your selling naked calls for $12 for you should be like printing money.
Why don't you take the challenge or just admit that you know very litte oil and shut up?
Where are you Mr Ohio_whitebear. This is screaming short or sell naked by your way of thinking. Are you going to short it? Are you going to sell naked?
Personally, I am thinking of selling my 50 Dec $10 calls and buying 150 Dec $12 calls.