American Capital Agency Corp. Message Board
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OT Facebook
This is unreal. I started buying puts at 24.50 and 25.50.
Massive market manipulation so insiders can sell at a high price...-
The upcoming price action seems clouded to me in relation to rumors about fb switching from the nyse to naz (as early as dec. 12). Specifically, fb is thought to join the nasdaq100, requiring fund managers to buy the stock for their portfolios. Then you have the lockup of 149mm shares expiring on Dec. 14. It just seems the time of all this will be interesting.
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My GTC order didn't hit when Facebook hit 28.80. I guess the only way to do this game is to be glued to the screen.
So that's what I did today, bought more puts when I noticed sellers far outweighing buyers, noticed a very bearing candlestick on the charts. What a crazy stock...- 1 Reply to olee2116
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you've definitely got to be glued to this one! Good job on the Puts, I ended up buying back in with calls last week and sold them this am for a nice profit. Still have the puts in place, although, I'm not sure we'll get low enough to make them profitable. My Puts are Dec. 22's and Jan 20's.
What strikes did you get?
Good Luck
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Olee,
I spent the last 45 minutes working out credit and debit spreads, Straddles, Strangles, Condors and Butterflies, and some combos on FB......Hi stakes poker Olee, as there is no settled knowledge except held by those behind the curtain. The MMs aren't giving up anything on premiums....
Good luck...I fold...;-)
DocReits- 2 Replies to reits_r_us
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Looks like I'm going to need some luck. FB is up 2% after being up 8% yesterday.
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Doc doesn't this work based on Olee's thinking?
a) They seem over-bought
b) Dec 25.50 Puts for .35 - .40. Close today was 25.94 .
c) Hope they drop.
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No one else is shorting FB? I guess everyone either covered or sold their puts.
I feel lonely. :)- 1 Reply to olee2116
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I've got a few puts still...also playing the calls:) I'm currently up 188% on the calls and down 50% on the puts! my plan is to sell the calls probably this week, and hold the puts till this comes back down to reality!
I'm baffled that FB has gone up so much since the lockup, but that's the power of the big boys I guess.
What is the EX on your puts? I think earnings will fall after the Jan Ex, and I doubt that it will be good.
What's your plan?
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