It feels too late to sell to me. It's quite heartbreaking in fact to have lost almost 3/4 of my money while the market is at all time highs and some other stocks I have followed like XON have done so well in the same time frame. Coulda shoulda woulda I guess. Imagine having put it all in XON instead of PGN, I'd be worth 10 times what I am right now. I guess that's why they say to diversify but I still would like to die at this time.
In fact my account went from 100K to 24K, so I actually need to double twice just to undo the damage. You can see how it might make a fella killself.
I will be long at 18.60 when the 19 puts I sold close in the money, the only question is when to average down. I may wait for 15 before committing more funds.
Then hopefully it goes back to 20 in a day lol
Wow!!!! If it doesn't make you want to kill yourself, you may already be dead!
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.