Recent

% | $
Quotes you view appear here for quick access.

Penn West Petroleum Ltd. Message Board

  • infinitidrivr infinitidrivr May 29, 2013 6:18 PM Flag

    Black Rock's Larry Fink on Options Trading

    on Fast Money just said that most studies show options traders lose money in the long run. But what do they know other than they own more investments than anyone. But we hold onto the myth.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • As I said before selling covered calls is an excellent money maker.
      Selling puts on a company you want to buy helps you lower your costs.
      There are certain trades that are good, but most options expire worthless and so in the long run most people just loose money.
      Having said that, there is money to be made. I did quite well on HTE a few years back. I bought calls because I thought they were very undervalued and three weeks later they were bought out. This is the same thing I am doing with PWE, although I do not expect that they will be bought out, but I do believe that they are very undervalued.
      For most people the best thing to do is stick with covered calls.
      One of the most dangerous thing to do is to sell naked calls. Yes, you can make money but just one bad trade can wipe out many, many good trades.I called Ohio_whitebear out on that one. With Pwe selling below book, improving oil prices, lower costs it was a very dangerous trade especially because he sold call near an all time low just after the company had said thing were improving.

      • 3 Replies to bullorbear67
      • You're a flat-out looney tune, Jiang/FullofBull. You didn't call me out on ANYTHING, you can't show the chronological sequence of posts where you did, and you can't show HOW I would have lost so much money on the "mistake" you claim I made in SEVEN HOURS of market trading. You really should just shut the fluck up and sing another tune. Better yet, why don't you create some more Yahoo ID's so you can bash, and then up-thumb your posts? What a teabagger you must be.

      • You're a flat-out looney tune, Jiang/FullofBull. You didn't call me out on ANYTHING, you can't show the chronological sequence of posts where you did, and you can't show HOW I would have lost so much money on the "mistake" you claim I made in SEVEN HOURS of market trading. You really should just shut the fluck up and sing another tune. Better yet, why don't you create some more Yahoo ID's so you can bash, and then up-thumb your posts? What a teabagger you must be.

      • You're a flat-out looney tune, Jiang/FullofBull. You didn't call me out on ANYTHING, you can't show the chronological sequence of posts where you did, and you can't show HOW I would have lost so much money on the "mistake" you claim I made in SEVEN HOURS of market trading. You really should just shut the fluck up and sing another tune. Better yet, why don't you create some more Yahoo ID's so you can bash, and then up-thumb your posts? What a teabagger you must be.

 
PWE
2.33-0.08(-3.32%)Apr 27 4:02 PMEDT