Sold at .36. Its so stupid that with CVX at $113, the $113 calls are .40 and the $112 puts are .60 but I took the profit regardless. 50% after commissions.
Makes no since and such a HUGE disparity. 60 cents out of the money calls for 20 cents and 1.40 out of the money puts for triple that...
Looks like a good roll of the dice to me.
Plug is killing you. You lost a boat as you were long and now you're losing a boat as you're short.
You spend too much time posting here instead of sitting back and thinking logically about your investments.
I saw a massive disparity in the premiums for the calls and acted on it. If it's a wrong move, so be it but for $23 a contract, I'm in.
If Yellen tanks the market tomorrow, then I'm wiped but CVX could move $5 higher by the end of the week. Next week OPEX has massive disparity of open interest on the call side, as you mentioned. Max Pain next week is $110 - $115.
I filled up 330 weekly $113 calls VERY cheap at an average of .23 each.
The puts 1.50 out of the money are .70 but the calls 1.50 out of the money are .20. Obviously, options traders are expecting this to fall but I think it bounces from here as long as the market can sustain this level and move higher.
Best of luck.
You have to be the biggest idiot I have ever seen on any message board ever. You should go get a hobby man. One other than stocks that hopefully involves getting outside. You need some fresh air. Maybe go grab a drink. Get laid. You have severe psychological issues.
By the way, nice work pumping PLUG into a 50% loss for you....
How's your "all in on margin at $3.98" working out? Not for me, but for yourself, ask yourself "at what point am I going to sell this stock if it keeps falling?" because you will have to find out sooner or later. Not trying to be rude man, but it's reality.
This stock isn't worth more than 50 cents and that's even a stretch. You are just yet another round of bagholders in the history of this company. Don't feel bad, there were 15 years worth before you. Next year, the same thing will happen but only after PLUG has done yet another capital raise, reverse split, and hype of their stock. A whole new generation of PLUGtards will be here screaming how they are going to retire. It's happened every year since inception.
Whatever donkey - sure you shorted 270k shares. Does your mother know you are playing with your lunch $$? Isn't rent due soon? You should not be gambling with your food budget either. Shorting this stock is a no brainer as it's a POS.
I don't give 2 cents about your opinion of what you think this stock will do...
I see a couple possible scenarios for you:
1. you have a million bucks and stuck it all in 1 stock on the short side which makes you an idiot for not diversifying AT ALL - which makes it nearly impossible that you have $1 million because 1 wrong move and you're wiped out
2. you have multiple millions and stuck a portion of that money into shorting this which makes you an idiot because you are a multimillionaire bragging on a yahoo message board about shorting a million bucks worth of a stock up 9000% in 6 months and how much money you made
3. you are full of ****, you know it to be true, and you shorted 2700 bucks worth AT MOST and to make you feel awesome, you claim to have shorted "270k shares" LOL
4. your mom is yelling down into your basement that supper is ready
My $$ and vote is on #3 with a VERY high degree of probability that #4 is also true
270k shares short...you obviously mean 2.7k shares short. You don't honestly expect anyone to believe you shorted over $1 million in this stock. Exaggerate and lie to yourself more.............
Let me guess...your average buy-in is now 80 cents? Dude you are now down over 40% on your $3.98 margin purchase. Margin call incoming. All of your ranting and pumping was for not. Sorry.
Longs have been flushing $$ down the toilet in this stock for 15 years and counting. This scam is like the energizer bunny. Management might have decent technology but can't manage it for ****.
Still overvalued by at least 50%
You're SO full of #$%$ man...you CLEARLY posted "In HUGE on full margin at 3.98" 2 weeks ago and were touting how rich you were going to be. Keep lying to everyone including yourself.
This company is garbage if you didn't already know.