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PACCAR Inc. Message Board

  • krazy8ster krazy8ster Feb 18, 2014 2:01 PM Flag

    PCAR

    The individual/s with the Mar 22 60 calls is/are very happy now. We are also happy for them although it is still a paper gain. While most individuals cannot know the reason for these held options, it is pertinent. The stock is behaving as planned and doing what it needs to do. Remember... Like in Soccer, sometimes you have to pass the ball backwards in order to make forward progress. Stocks are no different. Look for a bumpy ride 62.90 area. This will be the proving ground.

    Keep good company, stay humble and fight Hubris.

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    • Krazy,what are the typical trading expenses trading options? Say, I bought 1000 of the Mar 22 60 calls at today's price of $2.55. What would this cost me for commissions,etc.

      I've thought about buying puts on a stock that I thought might be heading down. A good way to short the stock while limiting risk. Have you had any success using puts in this way?

      • 1 Reply to slavoy01
      • I assume you mean 10 contracts (exercisable for 1000 shares). Typically you'd pay about $15-20 commission with a discount broker depending on your account. I've had okay success with puts, but usually event driven. If I'm bearish on a stock, often I will short the shares and then buy calls at my pain threshold as insurance so I don't need to worry about the stock making a big move upward. Puts expire, so you need to be right on both direction and timing. Traders will tell you that gains on the short side are more difficult but they are quite gratifying.

 
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