Looks like they've done an overhaul of the site.
Its much better than before. Perhaps lojack is indeed
serious about doing some better marketing these
btw, on the site there's a story about two compressors
which were recovered using lojack. i didnt realize the
extent of the commercial use of lojack had moved beyond
Broke - there is no way to know the motivation
for the buyers or sellers of the puts and calls.
Selling covered calls is one reason that you can say that
someone sells them. There are others. By the way, by
selling a covered call, you limit your upside but still
hold all of the downside of the position. This
strategy in no way guarantees any kind of benefit. On
average, if you are right about your stock picking,
selling covered calls will hurt you more than help
I think your line of reasoning works well for
and in general I agree. For each each
share sold (generally speaking) there must be a buyer
and vice versa. But think
about options a little
Take a look at an example:
A buyer bought
1000 shares of LOJN at 8 1/2 this month.
he believes the stock will rise in price. He
immediately sells 10 DEC 10 covered calls. This is a credit
his account. If the stock price rises to
something over 10 he might get exercised. If this happened
he made 1 1/2 points on
the stock + the option
credits, and he might not get exercised
so he still
pockets the credit and then could sell more calls.
my point is that some people sell calls as a matter
course to maximize return and I don't think
that you can say
that every time there is a buyer
thinking the stock is going
up that there was a seller
who thought it was going down. As
you can see, in
this example the call seller might also believe
that the stock is going up. Actually, if someone
the stock is going down then he would
work with puts. And
that's my whole theory about
the LOJN call/put ratio favoring calls at this time.
Bottom line is there's nothing scientific about
into it what you will.
Hopefully I have explained
myself somewhat better.
I'm not sure I understand your reasoning about
the put/call ratio. For each buyer of those call
options, there was a seller. Who's to say that the large
ratio isn't due to a large amount of folks selling
The only options available for LOJN are
The ratios are as
DEC 12 1/2 C/P open int ratio 440/35 = 12.6/1
10 C/P open int ratio 556/185 = 3/1
DEC 7 1/2 C/P
open int ratio 103/89 = 1.16/1
contract open interest as the strike
probably very normal because the cost
strike price rises. The greatest interest
around the DEC 10 contract because that is
the more attainable strike.
What is interesting
to me is that the call/put ratio
than 1 at all strikes. I interpret
that to mean
that basically more folks think the stock
up than down.
So if enough people think that way
will be a self fullfilling
All IMHO of course.
Good luck to everybody.
broke_dog -- why not save us the hassle and
summarize the put/call int ratio for us? I cant imagine
there's enough options volume in lojn to make much of an
indication, at least there wasnt when I wrote my puts (but
that was a long time ago).
btw, I wish lojack
would use puts to buy back the stock. intel did this
and not only bought back stock but also recorded
trading gains when certain puts expired worthless.
opinions,it's seems that many on this board can't
handle a contrarian view of thier beloved stock.If you
are of the opinion that my investment knowledge is
limited because of a penny stock,that's fine,it's my
Meanwhile during Lojack's brief runup this is what I
Also check Lojn's shorts list for the same period and
you'll see I wasn't the only one making this
Anyone who is having a difficult time
how to play LOJN over the next couple of months
should slip on over to the CBOE site and check
the put/call interest ratio for DEC 7 1/2,
and 12 1/2. I think all of your questions
answered. Here's a hint. BUY!
"LoJack said it plans to expand into Las Vegas
and the San Francisco area." This is a quote from
their announcement of the other day. I presume when
they say area, they mean more than just the city and
county of San Francisco.
I also read recently
that about 7,000 people PER DAY are moving into the
Las Vegas area. Having flown into and out of their
airport on a couple of occasions, recently, and having
seen the construction in progress, I am inclined to
believe the number.
Please do not be insulted by
my opinion, but my take on this board is that Sammy
knows what he is talking about and you love to stir the
pot just for the fun of it. Whether you actually know
something about investing remains to be seen. The fact that
you fool around with Canadian penny stocks tends to
be a vote against your common sense and
If Lojack continues its buyback program, and I
believe they will at these prices, I suggest to you that
the financial future would be brighter for you if you
were long Lojack.
""centraxx who is targeting the exact same
territory (in theory) as boom.""
Phoenix, Philadelphia, Houston, Oakland,Denver. This is in
addition to Centraxx rolling out corporate owned networks
in Ontario,South Florida and Southern California
commencing early next year.