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The Priceline Group Inc. Message Board

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  • wtffinance wtffinance Aug 5, 2011 5:24 PM Flag

    Dont rush to take profits tomorrow

    I was under the impression you played this weeks. I bought the 545 Calls for next week yesterday near close for an 6.80 avg. and dumped this morning around 11 when I felt it was topped out. Spread was too big to mess around with limit orders so I just hit market sell, otherwise I could have gotten around 12 most likely but not worth the delay risk. Immediately bought the 520s and 485s for today. Afterwards played the puts again. Worked out great. The last trade didn't work out so well though. In with the 520s with about 2hrs or so left when it was at 532 with a big bid-ask spread. Sold them when it couldn't go below 524 at a loss of 40% but overall PCLN was very profitable and fun to trade. Don't hold any PCLN into weekend but have a combination of other put and calls with Aug monthly exp.

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