hey eyt, that kok fit back in your mouth like a cork, eh? go away kid, you bother me
do you take extra kok through every orifice while you count your losses here, eyt? trend line now to $39.37. Could be as early as tomorrow with a 2.4% day in EU, playing catch up from an overdone mini correction.
only potty mouth because he enjoys the locker room banter. vod has broken out and no one knows where it stops now. i know I once said I would never sell because of taxes, but, in the case here, I need to wait. I have a 100 contract position in the Jan 34's that i bought in the mid fifty cent range and look forward to rolling into the April strikes. I feel good about eoy rally with the markets and VOD will participate.Perhaps a small pullback in early Jan before another break to the upside.
Either way, I will play a buck in the money, so, the cost will be relative. T will need to provide at least a 20% premium, so, I look forward to another healthy return above strike value. We are getting very little respect on the in the money option premiums right now. Jan call volume is dead and the spread is 10%, although it would tighten on an actual sell order execution.
My guesses based on Europe rally and the US participating is to put VOD at $39.67 eoy, $41.70 in mid January and then an offer of $49-$53 beofre April.