he liked line in june in the 30's
said sell it july 2 at 23
said buy it in february
says sell now.
im long PANW from in the 40's. a bad verdict in the trial could be devastating for PANW. so i decided to protect myself.
I bought the june 67.50 puts for $5.30 if the trial goes bad im stopped out at 62.20 . if the trial ends with a favorable verdict then the puts probably go to zero but the stock should be set up for a nice run to $100
im lon git from the 40's. i just bought some puts for downside protection and plan to let the stock run while i can...
i think its a real possibility in the near term
take a .40 annual dividend
one that probably wont grow until 2016 at the earliest due to their debt and market conditions working against them.
a .40 payout at 5% = $8.
compare that to something like an APL when it cut its dividend to 15 cents in mid 2009
the stock was $5 a share.with a higher dividend
look at other MLP's and their dividends
EPD,one of the best in breed has a 4.3% yield. if BWP were to trade at that level thats a price of $9 a share.
and BWP certainly isnt worth that type of valuation
no way would i buy them now until management starts to prove their worth
Sentiment: Strong Sell
based on current price you have a loss of .30 x35k shares or about 10k. thats your years salary at mcdonalds... looks like another year living in mommies basement
my advice as a former market maker (20+ years on the floor) is to wait to see where the options open. dont put an order in for the first 20 minutes or so until the bid ask spread settles down. i wouldn't place a limit order before the market opens unless it was at some goofy level
i just looked up historic NFLX vol.s i would expect it to trade at a vol of 30 plus or minus 5 based on the historic vol.
there is no real way to calculate what it will be. a best guess would be to look at last months options expiration and see what option prices were 2 days before expiry
the problem is implied volatility will drop like a rock tomorrow . based on todays volatility the options may be worth $12 but with tomorrows volatility level the options will be worth a lot less
im sorry to inform you that it wont help.... a stop order becomes a market order if its triggered.
lets say you put a 575 stop in and the stock opens at 590. your order becomes a market order and will be filled around the opening price
stops dont protect you when theres a gap