Options - especially weeklies & in front of earnings are NO different from a roulette if your not protecting your portfolio
black = down
0's = nowhere - but you loose
The house ALWAYS WINS . Lottery tickets or Vega$ - is a little funner . Those big boys - enjoy the lil guys
FB is not going up because these dumb OPTION TRADERS...do u know why FB is not up?? there are many dudes bet TOO BIG ..that's why FB is not going up..it won't go up at least 1 week...They're trying to get all of ya money..next time be smart to ya self..don't play OPTION anymore
I trade options in FB and even if the Nov. week 1 60's were at $.50 (very doubtful) that would only allow you to purchase 200 contracts with $10,000. I don't know the contract prices off-hand as I stayed away from this earnings cycle as everyone thought it was going to be the same as the last and it had just run too far too fast and the Valuation is really out of control. And of course with the options pit closing at 4pm EST you can get trapped into a very bad situation without being able to execute (SELL TO CLOSE) your trade until the pit re-opens at 9:30am EST. What I find perplexing is how were you 'up' $500,000 if every $.10 move up in my example would have been worth $2,000 or every $1.00 move was an increase of $20,000. Even if those strike priced calls jumped $3 (which is just not possible; but supposing) that is only $10,000 into $60,000.
I am not judging your statement and for your potential loss I am sorry. I believe that FB is a good, solid company but as I said, just too far too fast for the 'Big Boys' not to book their huge profits and run/rinse and repeat. This stock will do well in the long-term but please remember that "Gravity Always Wins" especially with a stock that has just shredded upward.
Best of luck to all and as I hold no position in the stock whatever side you are on, long or short may it somehow work out for you all.
Are you serious??? You wanted to eradicate poverty from your territory and declare your freedom. Right?? They knew that ahead. Too much aggressive if you are talking real cse even if they are worth a buck, it would total less than $500K. This stock is set to go down - I am not short/long - simply watch how people play here. The other week, someone bought $25 and $30 Jan14 puts that are worth millions. It is sitting there. It was obviously a big pocket. Take a look - it is still sitting there. GL