But this time be careful buying, because the early cattle who sold off at 30.60 today were right, and of course I did. My 75 naked calls for dec 37 are great because its $ in my pocket from fools, but I do have 20 dec 29 puts, so I underestimated that it could go through 29, so now I have to be careful because I am protected down to 28.60. I may have to repurchase these at a loss, or take the shares at 28.60 and hope CF hangs on for 2 months like HG did.
That's your answer. That same idiot shorted it at 26 and then it went to 37. That was that fool Jon jajarian. I called him out on it by asking his firm what kind of stupidity he use for that suggestion. The answer was that the book sales on hunger games dropped at scolastic so he shorted both of them, or so he says. Duh for sure the book sales dropped 6 months after the movie was released. In any case it then ran to 37 , I sold most but not all of mine, then waited too long and only got 33. Now the same idiot is saying to buy it. You figure it out I already have.
yep I guess that,s about it. you throw a pass on 4th and 15 instead of trying for a field goal, but the odds are stacked in your favor if you SELL any option to open. Option buyers are gamblers and loose money 95% of the time, and that option $ goes right into the sellers pocket.
yes it has happens, but always at a price higher than I paid. Better yet uncovered calls at a price so high that it has no chance to get there will always get you a few pennies. Think about betting on 10 football games and getting all 10 right. Doesn't happen often, & when the bookie does have to pay chump change
Not true. Learn them and become a seller not a buyer. You make $ almost every time and if you are wrong you own the stock at a much lower price that it was when you sold it. I will own them at 28.30 if I am wrong, buts its doubtful it going to 29 by dec 6th.
So fellas you can sell puts to open and get paid .40. I got .70 for 100 (net 7k) of them, but then I did it at the darkest hour. You can also sell uncovered 35 calls because its not going there either. I got .65 ea for 25 of them (net $1625). I make $ on both ends, while you poor chaps wait until you think its going back to 37. It will have a run up before earnings in feb, but it isn't hitting either of those 2 figures before dec 21st and dec 6th respectively . Before you want to play with the big dogs learn how to use options to protect your gains, make money up , down , or sideways. 95% of all option buyers loose $. I sell them. Its akin to betting on football games , once in awhile the bettor wins, but it the bookie who makes all the $ a few bucks at a time. As an option seller you are a bookie.
No you are an idiot I SOLD 100 dec 6 puts when the stock got bombed for .70 each. In case you cant add thats 7K and now 1 day later they are worth half that and the expire in 10 days. learn or burn
sell options not buy them. learn before you burn. Selling puts to open make you $$$$ today. Its the buyers that got crushed. Get it? They paid me
Here come the retail buyers again. The analysts , and the idiots who buy after the fact. I sold before the movie, bought after the movie and am sitting just where I want to be. Follow the cattle and you will run over the cliff. Do the opposite and you will make $ every time . Be that 1 cow who turns around and says no not me not yet. Selling puts to open was the play of the day yesterday. All those cattle paid me to buy my puts to open. Learn option and you will take $ away from the retail analysts.
When the fools (analysts are selling) its time to buy. Yes it did a few million less than expected, but still exceeded the 1st one by 45& and we have a week of no school for kids. Buy now while you have this chance. The analysts are wrong just like they always are. They are cattle running over the cliff, and are followed by the consumers that believe in them. As I explained a few days ago I sold on the uptick and now I buy back in. Childs play no doubt that book trained brokers do not understand. With a banner earnings report coming, you won't get this opportuninty to do this again
Then he is an idiot like all analysts are. It will be many years before LG declares a dividend
yes great idea if they expire in dec. I like the 29 puts, and sold several to open yesterday, when fear was in teh stock at 32.90
Here they come (cattle call). People never cease to amaze me. taking money from even analysts in the stock market is childs play. Just because you studied to be a Dr doesn't man you will be good. If your a dope your a dope no matter how much training you have. Most brokers are dopes and analysts even worse. Even with all the tools they have , and the ability to move the market with stupid comments, they still can't get it right.
They are right only after the facts and the fact that when he opens his mouth cattle follow him. He hated lionsgate at 8 10 12 15 and only started saying positive things after the 1st HG movie., and what about his idiot buddy jargorian who claims he shorted it at 26 and then it went to 37. talking heads for the newbies