Looking at the Sept 15/16 call spread for 0.25 or the Sept 16/17 call spread for 0.20 as a hedge.
The profit would be good but would still require some timing to try and catch a market correction.
Filling the 104.35 gap will be the next target. Looking at the price action on March 1 when it last crossed above 100, this could happen within the next few sessions.
1400 of the Jan 2018 1.00 calls just traded for 9.35
What do you think their strategy is for this trade?
How about selling short the Jan2018 150 puts. The bid for these is 1.15
This is still a risk since the acquisition will have to be approved by the Gov. Assuming it is approved, the OTM option premiums will collapse when the deal is done.
You may be correct. Pete and Jon Najarian just announced on CNBC that they had closed out their long UVXY position yesterday.
is a recent article available for free online from Bloomberg magazine. It explains how the Xeon chip is made. An interesting article everyone should take a look at.
"Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes, reports Reuters."
"When all is said and done, about $1.3 billion more will be sold in Apple shares at the market close on Friday, when the reconstitution of the Russell indexes takes effect, according to an analysis by Credit Suisse."
If this acquisition does go through, the time premium portion of the options would be wiped out. This is assuming that the options will not be converted to adjusted options. Is anyone considering shorting OTM SCTY options?
Take a look at the July 11.5 / 12 call spread which you might be able to buy for around 0.13
This would give you a potential 3X profit.
The July08, 28 calls are going for 0.01/0.05 If the market stays flat for a week, your July15 calls will become nearly worthless. The spread may have a better chance of success. Perhaps, try both strategies.
There was some significant activity today in the Jan2018, 1.00 calls. I am guessing today's volume was a sell to close rather than a buy to open. Since the ATM time premium for a Jan2018 call is around 6.00, there is probably an advantage to owning a DITM call rather than shares.
Are you saying they were sell-to-open trades? The OI has now risen to 3342. What do you think the trader's intent was for this trade?
Are you sure you want to be holding adjusted options after the reverse split?
Take a look at the adjusted options for Jan2017. There are essentially no bids for these options.
Hilary may have a way out of this. When the Secret Service is assigned to protect someone, it is not only from physical attacks, but also from cyber attacks. Since she is always under their protection, she most likely may have asked some of the agents advice about her personal computers. Perhaps even about the best way to prevent cyber and virus attacks. They may not have set up her server, but she could always argue that they were protected to some degree by the agents, thereby making them secure.
I just tried to put in a buy order for some UVXY adjusted options as a test in my Fidelity account but was blocked from doing so.
This message came up:
"This option security is restricted from online opening trades or restricted to closing trades
There are no restrictions for buying or selling the regular UVXY options in my account by online trading. It appears the brokers are making it more difficult to trade these adjusted options.