JAN 34 calls : I am up 48.26% (bought at .81)
JAN 35 calls : I am down 10% (bought at .70 a day too early)
But then again that is looking at the bidside and the MMs have a wide Bid/ask on these...
Anyone else? how are your options positions looking?
Until 08/07 I had 5 13Jan32, 7 13Jan33, and 10 13Jan34 calls bought post-SPO.
3 days before the big drop I sold 20 Aug34/35 put spreads for $0.30 credit. Looking back I can't say it was necessarily a bad decision, just an unfortunate one due to timing. Hopefully we'll be back at 34.70 on Friday. If not, I lose money on the spread.
I decided to load up on 8/7 when I saw the huge drop. I cashed out my ACAS stock and sold-to-close some MTGE calls (10% loss) to fund the loading.
Got 30 13Jan32 calls for 1.66.
A few days later I picked up a few more Sep calls and call spreads.
I'm definitely small potatoes here, but it's great to be part of this.
Good luck to all.
Good luck engie. The only way to learn is to have some skin in the game. Doesn't matter how much skin as long as it keeps you attention. I wish I would have learn this type of investing a long time ago. Just like I wish I had taken up golf when I was a teenager instead of in my late 30's.
GL2UA and go AGNC.
Its all relative.
I am new to options so have only bought 25, 50 or 100 contracts depending on price. I have the resources to buy much more like my mentors here but want to increase my knowledge.
I got carried away and bought too much. I have not told my wife because I expect her to tease me the way I tease her about her shopping (her SUV is not big enough, she needs a trailer, too). Anyway, I ended up with 1,028 December 32s at BE of 34.75 before I realized it.
I was much better off at the SPO, but I got greedy and bought more on July 30 at a higher price.
I purchased 150 Sept 32's for 1.80 on the flash crash day, but it was later after the price had stablized somewhat at 33. Planning on exiting around 35, if it happens this week. Still along ways till the next Divy. I have seen too many pull backs, even within a few weeks of the divy, to count on it going straight up from here.
I have just under 200, 30 and 31 Leaps(13 &14), for 34.60 BE, bought at the spo.
Picked up 13Jan short 25 and 30 Puts on the pull back. 30's @ 4.00, 25's at 2.00.
Biding my time for the run to 36+