This could be the rare case where both buyers and sellers of options make money. I am sitting on $650 of gains if NFLX ends up lower than $550 by tomorrow afternoon. The only way I will lose is if buyers keep bidding up the price. If I lose, I will just roll the calls forward into next week at $580 strike price and see what happens.
At some point in time, the speculators will lock in profits.
You bought those calls from me on Monday at $2.20. I am holding on to my short position and hope that the calls expire worthless tomorrow.
But I admit that the water is very close to entering the house!
Underwhelming is the phrase. I knew it was not going to be good when it was not listed as a Tesla event on the IR site.
CMG traded most of today above $668 until the last hour. Then the market maker went dumpster diving hoping to get the short $665 puts expiring to day to cover (buy puts to close). I have seen this type of play many times this year all having to do with options expiration. The fact that CMG closed below $665 is not important. I will not be put the stock since once it opens on Monday If it goes above $665 the market maker will lose out.
It also occurred today with HLF with expiring $31 puts. I just opened up a short put position at lunch time today for the purpose of scalping $100. The dumpster dive at the bell to $31 ended above $31. A trader needs to take the bait once or twice to know he has been taken to the cleaners. Just don't take the bait.
LOL. Costco already has a new partnering card lined up. The odd man out is AXP.
In my town, the local vendors buy from Costco. I see break-time trucks all the time at 3:00 pm when their day is over. The truck owners reload for the next day.
My brand new BOA cc has been in my wallet for no more than 4 months. I have cashed in $300 in rewards cash. Some of it was sign on bonuses. I don't ever remember my AMEX Costco rewards check larger than $30 for the year. From my viewpoint, dump Amex and let me use BOA at Costco.
Power utilities do not like homes with solar power. The grid must still be there when the sun does not shine. But laws require utilities to buy solar generated energy. But there are limitation. Only so much power can be shunted into the grid based on what the house consumes from the grid. On a bright day, the panels may not be limited in how much the homeowner can sell back to the utility. This is why efficient batteries are needed. Rather than dump power due to grid limitations, store the power.