DryShips, Inc. Message Board
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It's so DRYS it burns!
Went to a bar shooting darts with the realtor last night. Left early this morning. Couldn't get up until 11:30AM. Still have good half of the day though. Check on my status...
Wow! DRYS' got burned! Must be the punishment the market does to the criminal thief. If the criminal gets shot in the parking lot tonight I'm sure tomorrow it's gonna hit $7.50, as some newbies predicted.
Check on the gain/loss on my DRYS investment, what? No gain??? What happened to the calls I wrote? Wow! Down to 25 cents! That's over 100% gain!!!
Quickly buy back the calls I wrote, and sell more sept 6 puts. See what happens...-
martc1, i get your strategy. I do the same thing. so far so good.
- 1 Reply to wileyjames666
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High FIVE buddy!
LOL!!!
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Your not even good at drinking, do yourself a favor and buy a mutual fund.
- 1 Reply to dzeter99
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"Your not even good at drinking"
How do you know? and Wa Da U No?
"do yourself a favor and buy a mutual fund"
What is mutual fund?
a 19 year-old with no brIAn!
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k, if you think DRYS is going down then why the hell would you buy back your calls and sell puts? Wouldn't you want to BUY puts?
LOL....you are only 19...stay in school dude!- 3 Replies to rickrothschild
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Hey Rich Guy,
FYI, just bought back the $20 put on GNK at $1.15 that I sold a couple of sessions ago. Not much gain, only a little north of 20%.
BTW. Bought back Sep 18 WFR calls at 25 pennies, with good gain, of course, and sold a bunch of WFR Sep 18 CALLS.
A 19 year-old with NO BRAIN. -
Never look down upon an 19 year old pal!
Selling calls and puts to collect premium pal, get it?
Why cover? because in a few session when DRYS get on its feet I'm gonna write more CALLS and collect something called "TIME PREMIUM"
Never underestimate an 19 year old PAL! -
you buy what you think the market is going to do, and sell the opposite of what you think the market is going to do. Basic options 101
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