Hi Caltrials! The calls just looked cheap. I gotta believe the stock will be over $4.25 by the middle of next year. If it doesn't, it probably never will.
Pardon my ignorance, but I'm not even sure how to buy warrants through TD Ameritrade. What is the practical difference in this case?
I'm thinking that if PSTI is ever going to amount to anything, we'll see some big news in the next 6 months. So, I bought the June calls with a strike price of $4 for $.25 per contract.
Looked like we were on the verge of a breakout when we swiftly jumped up to 34.92. But, just as quickly, we gave up more than half our gains. Oh well, let's try again.
China announced over the weekend that its factory production reached an 18 month high, This was a pleasant surprise, as expectations were that the Chinese economy was slowing.
Since June 1, the insiders have purchased more than $160M worth of stock.
I was happy to read that China's factory production reached an 18 month high. This was pleasant news amid expectations that China's economy was going to slow down.
Unfortunately, the sad news of a dead worker at the Grasberg mine chilled all good vibes.
Not sure what line you're talking about, but copper rose .5% today amid growing demand in Copper. Unless something changes over the weekend, we should open 35+ on Monday.
Hey, that's cool! This morning, when the stock dropped to about 34.80, I bought the Nov 35s. Then, when the stock dipped to about 34.45, I bought the 34.5s. We bounced back a little bit this afternoon. Obviously, you know I'm hoping/expecting a strong open on Friday.
Have a nice Thanksgiving!
He is saying that you can buy an option that contemplates that FCX will close above 36 on Friday. Given that the market is closed tomorrow and that Friday will obviously be a light trading day, it's extremely unlikely we'll see 36 on Friday. So, the cost of buying such an option is about a penny. Seriously.
I understand your concern. It does seem like a problem. However, as long as the insiders continue to heavily buy, I'll keep my position and will continue to add on the dips.
Looks good. The option is already $5.15 in the money, so, you only paid a $.55 premium for an option that won't expire for 14 months. Good luck!
The good news was perfectly timed. It created a trend reversal so the pps didn't continue its descent from the 8.30s until sub 7s. Good luck to you, bamosalsplaya!