this is not shaping up well gentlemen- down over 12% in 48 hours and no stop in sight. I will own a bunch (I mean almost half my whole account) at 18.60 cost if the 19 puts close in the money.
Cushion was over $5 couple days ago, almost down to $3. I am OK being heavy in this at 18.60 effective cost I guess and then ride back to 20. Good luck all!
Looked at my notes, 11 times I have sold puts. All 11 times, the stock has gotten under the strike price at some point. This is the 12th time. It's a statistically meaningful sample size.
Something is acting kind of sick with this stock right now. I think it is simply because I sold the 19 puts so they want to make me sweat for the next 21 days lol. It will probably dip into 18s by then.
I am short puts which means I do not want this to drop to 19! I think it will though! 21 days is a long time!
21 days to go, we are getting a pounding today, let's see what happens. I believe every single time I sold puts it eventually went under strike price, this would be the first time.
$200 would be sweet! You know any others with possible 8 bagger potential? It sure is hard to find anything in this overvalued stock market! PGN killed me, need some winners. I think there is a decent chance we see 19 here if the market finally corrects, we shall see.
You could be right. It would be the first time I ever sold naked puts without the stock dropping below the $19 strike price.
Do you think this is worth $40? What other stocks do you like? I am finished selling puts after this, you cannot play the game scared.
Every single time I have sold puts on a stock it has dropped below the strike price. IN this case, 19. I am OK being long heavy at 18.60 and sell in 20s on the rebound.
Sentiment: Strong Buy
We sure aren't positive now LOL. What a bummer. I think it will go under 19 in the next 23 days because I sold the 19 puts and that is the way it always goes.
Will likely trade under $19 within 23 days if my track record of selling naked puts and having them go in the money is any indicator. Maybe 19, then 25 I hope.
Kind of wish I went long outright instead of selling the 19 puts but who knows it could still go under 19 if market corrects. 22.10 bid this morning.
If only I could build a time machine. Not sure where I would stop- certainly I would go back to months ago and not touch PGN. Really, I wish I had never heard of the entire stock market. To be all in on something that drops over 80% during the biggest market rally of all time- the pain is real, and tangible. Nobody to blame but my own stupid greed.
LOL. Looks like I shoulda just bought stock maybe. I got almost ruined (permanent financial effects) by PGN so I am feeling too cautious now.
Brother I can guarantee you it will go under 19 at some point between now and March (maybe today) because I sold the March 19 puts. Works like a charm, always makes me sweat it out. I will essentially be all in at 18.60 and just pray for buyout at 30.
Whenever I sell puts, it goes under the strike price at least temporarily. Hopefully it will close over 19 in 25 days, if not I am really on the hook.