I wrote some $118 puts and the price was 117.50 but the puts were still pinned with an ask of over $1 atfter 300pm EDT
If it was that stupid kuuuunt Melissa Lee, I can believe it
That be-atch revels in beating down good companies
I'm sitting on a bunch of shares and am underwater about 11% but since it's in my retirement acct, I'm not too worried. Oh, I have been selling covered calls to recoup some of the paper losses but with the events of the past few trading days, I'm looking for a good entry point on the weekly $41 calls (45c doesn't cut it)
Good for you -
I kept my position - its in a retirement acct
BUT I did buy some SBUX this AM at $50
I've still got a lot of shares at $44
I almost dumped them in the low 38's today (once I'm down 10% plus, I sell and move on) but for some reason (mainly because these shares are in a retirement acct), I grabbed another cup of coffee and tried like to look.
I am so glad I did that but I doubt the selling is done
Shorted at $5.80 this AM, covered at $5.40
Shorted again at $6 and just covered at $5.41
1200 shares in play each time
Normally I disdain short sellers, but this market promotes it...
Kap - I try to put the fools on IGNORE and Do Not Engage
Good luck to you - let's all make some money
Morgan Stanley is one of the most conservative organizations out there
Price target is probably mid-40s
Glad to hear that you've made some money
I mean really - that IS the name of the game after all....
Everyone should make money and prosper
That's about $400 k
Dude - if you have that kind of jack lying around (unless it's a retirement acct), you wouldn't be posting here