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American Capital Agency Corp. Message Board

  • herexhear herexhear Feb 5, 2013 1:20 PM Flag

    Ot.....ARIA calls

    Not waiting around, out at slight loss

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    • Herehear - I waited one more day than you and got a little profit this morning...sold feb 19's for 1.40.

      Thanks for the tip.

      • 1 Reply to architecturaldiva
      • At least one of us did well on ARIA.

        I closed some IMUC MAR 2.50s today for .45 gotten for .15, but I think in that name I should go for equity.

        It is coupled in sympathy with CLDX, and as CLDX gets mainstream acceptance, IMUC will benefit. Might look to play long calls on CLDX. They just did a secondary and did not really fall back. CLDX might be a good equity long for small bags 1.5, 2, maybe 3X

        I almost always close options too fast.

    • Pity,
      there is a war going on either side of $20 on that stock. The conspiracy theorist in me tells me its the MMs keeping that price down at $20 so the Feb $20 calls expire worthless. The Mar $20 calls are.80 more expensive, I smell a rat. I don't enough about it to play but I think the bulls win.

      • 2 Replies to onion1273
      • Its acting like its coming to the end of a symetrical triangle, will probably make a big move after ex.

        If a lot of unsuspecting people get assigned and wake up monday with margin calls that could fuel a large move.

        The 200 day seems like firm support.

      • Onion -

        If you are an options player and think they'll pin ARIA at $20 at Feb. opex, take a look at a butterfly.

        Long 1 19 call
        Short 2 20 calls
        Long 1 21 call

        Using the midpoints for right now between the bid/ask (you'd enter the order as a combo with a limit price), I get an out of pocket of 40 cents (which is your max. loss). If it closes at 20, you get paid a $1 (and make 60 cents). If it closes at 19.40, you get 40 cents (and breakeven), if it closes at 20.40, you get .60 cents (and make 20 cents), etc.

        Max. loss, as I mentioned is your outlay of .40. This is true if price drops to zero or goes to $40.

19.480.00(0.00%)Oct 21 4:00 PMEDT