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Kodiak Oil & Gas Corp. Message Board

  • lexpress56 lexpress56 Jul 18, 2014 6:38 PM Flag

    Long call option traders are certainly happy with this deal

    Suffice it to say, I am a very happy camper -- like most on this board -- with a boatload of long shares (at least for me) trading at new highs. But what is really, really nice is the "merger effect" on the long call focused bull call spreads I have in play. As some of you (like my good buddy Welbie) know, I have touted these bull call spreads as suggested trades for others over the past year or so and the merger is really helping their potential much more than simply good KOG drilling results. My large 9 to 15 September bull call spread is now looking more and more like a max value near triple dunk shot, my middle sized 12 to 17 January 2015 spread is shaping up well as a 4 bagger with only $1 to go over 6 months, and my large 15 to 20 January 2016 spread is quickly moving in the same direction and will be yet another 4+ bagger if WLL gets to $115 in another 18 months, which appears quite likely with all the Whiting upgrades and new price targets coming out. The icing on the cake, and making matters even more enjoyable, is the fact that the premiums on the 20% of offsetting put contracts I sold are all diving at the same time, which will turn the 4 baggers into a 5 and 7 bagger respectively (as if the PPS was moving from the 14 merger price to 100) Kog-zilla is certainly roaring loudly now and I am absolutely loving it !!! Heck, I might even have a remote chance of catching a third to half way up with Symon and Welbie's investment results with their 38 cent shares. GLTALs Lex

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    • 38-cents?

      I started at .48, added at .30 and landed 50K at .175 cents in mid-March '09.

      No day trading here, just blind luck and very gutsy after two losing "buys".

      I've got almost as many Jan '15 $12 Calls as well, at under 50-cents after buying a bunch a couple of years ago that expired worthless. (I waited too long!)

      Without constant news coming out near expiration, the brokerage firms tank the stock just prior to expiration to avoid paying on "in the money" CALLS.

      Live and learn!

      This time there's too much positive news coming on line and they can't fight the tape!

      Looks like we'll make some coin on them this time!

 
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