it could be the "bigger one" has bigger issues to deal with or "the bigger one" does this to let anyone in confusion -- it is just market uncertainty that we accept to live with when investing or trading. I previously wrote the play with this stock at NY is short the shares and buy the calls @6 -- it is win-win, but the percentage is low and require large available funds to make significant amount of money. if you want to benefit, you may sell puts and buy calls now. I did this with Jan 2015 a weeks ago -- sold the puts @4.5 and bought calls @7
true, but this is their job - to make money independently how as long as it is in the frame of law. so, suck it up and get used to the fact that by day trading you'll be eaten by the professional traders.
Todays action reflects the increased volatility before earnings -- it happens to the shares of any company that is about to release earnings.
simple. playing the earning opportunities here at US -- betting for share price drop by shorting the shares and buying calls at 6. check the volume of dec and jan calls at 6. as long as the earnings are good everything will be fine. good luck, longs.
they do not try, they do it.... although, I am glad they are up today, I do not get it why after such an announcement
it looks like they continue to do shorting today with calls protection. it closed in Greece at 4.34 (5.88) and sharply dropped few cents here. I have a bunch of Feb and later calls and consider to half-short any excessive spike up especially before earning day (know some people here would hate such behavior, but money are money ...:-) LOL)
Edwin, that would be great, but I believe the shorts have covered themselves with the cheep calls and can withstand any upward move with minimal losses. Wouldn't rely on short covering rally, but rather new buyers after promising results.
Global X FTSE Greece 20 ETF (NYSE: GREK) is up more than 27 percent in the past quarter, despite pulling back about six percent in the past month. The Greek economy appears to have reached bottom, but Greece remains one of the cheapest markets in the world.
The investment seeks to provide results that correspond to the price and yield performance of the FTSE/Athex 20 Capped Index, which is designed to reflect broad-based equity market performance in Greece. Top holdings include Coca-Cola Hellenic Bottling (NYSE: CCH) and National Bank of Greece (NYSE: NBG).
you are brave mind, markr. I did write puts and bought calls at feb 5.5, looking now for opportunity to short the shares, but it is completely unwise to do this at the onset of a trend reversal, unless you are here for couple of cents. LOL
sell puts at 5.5, buy equivalent number of calls at 5.5 and short equivalent number of shares -- you get the difference in the time values and make about 8% until Feb 2014, if you've chosen this expiration.
having in mind your call for NEWL:
dia1na0 • Nov 4, 2013 8:06 AM Flag
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Last chance to buy below $ 1.5
$ 2 soon.
I am buying everything I can of NBG on Monday. Thanks.
yah, sure, especially after seeing how those that short today are selling Dec calls and puts @6 -- means todays shorty are Monday's long at least until 6 -- placing new orders for Jan 2015 calls @7
we wish... most probably, the price will be pushed between 5.48 and 5.52 at closing to get every cent out of options writing -- puts and calls as well. closing at Athens 4.11 ($5.54).
I think, most probably the speculation is the new drug, launched this month. K, I'll sit with what I have. Thanks for the comments.
for the record:
price between 1 PM and 2:20 PM when the trade should have occurred 5.60-5.62
it doesn't count yet, but now is 5.65