You want to buy it below $8? How about $6.15?
With ARCP at $8.79, just sell short the Jan2016, 7.50 put and collect a premium of 1.35
If the share price stays above 7.50 at expiration, you keep the premium. The premium is yours to keep regardless of what happens to the share price. In the event that the share price drops below 7.50 and the option is "put" to you at this strike price, then your effective share purchase price would be $6.15
If you want to play it a little more conservatively, then sell short the April 2015, 7.00 puts and collect around 0.70
During the panic selling, I sold short the Nov and Dec 7.00, 8.00 & 9.00 puts. Yesterday, I was able to cover my Nov 7.00 puts for 0.05.
My position is Nov and Dec 6.00 & 7.00 calls which were acquired last week. If everything looks okay, I may just exercise my calls.
The last 1 for 4 reverse split occurred in January when UVXY was around 18. Within 2 weeks, the share price hit a high of 108.
Looks like the 256 gap may need to be filled. The pattern looks like a symmetrical Head & Shoulders. However, the neckline at 215 appears to provide support.
It was announced today that JPM is facing a criminal probe by the Justice Department. The bank said it has raised its forecasted legal costs to $5.9 billion. JPM dropped less than 1% after this announcement.
Look at the difference in the reaction to the stock of each of these companies as a result of somewhat similar circumstances.
GLD is showing a classic descending triangle pattern. If the previous horizontal support line at 115 cannot be broken through during the retest, it will then become resistance and GLD will continue lower. The target price would then be around 88.
This should be a reminder to everyone that nothing is private if sent over the internet. All email text are routinely searched.
"Brian and Lisa just made an honest mistake."
I presume he means there was no fraudulent intent on their part.
If so, then why were they fired or forced to resign?
This explains the huge volume in just the first hour of trading. Does anyone have access to the individual trades? Just wondering if any large blocks were traded? Since Blackstone has done business with American Realty, it would not be surprising if they are picking up shares at this price.
If this volume continues, about 25% of the float will have traded by today's close. It is obvious that some very big shareholders have sold today. But who is buying? There could not be enough demand by individual investors to justify such a huge volume. Large funds/institutions are probably buying today. Maybe Blackstone? Maybe some hedge funds?
Since I am new to ARCP, I was not aware of this.
Just bought when it dropped to 8 for a trade. Definitely oversold.
As long as there is no fraud in their financial statements, everything should be okay. But even if there is, this is still worth a trade for the bounce.
That is a lot of time premium you are paying for. Are you planning to spread at least some of them?
The options market is pricing FB for only a 3.5% move after earnings. Compare this to TWTR which had been priced for a move of over 10%. Use options if you plan to hold through earnings. For example, the Oct 31, 70.00 calls have almost negligible time premium. Or just play it with narrow spreads.
Back in late 2008-early 2009, oil and stocks prices had bottomed around the same time. What if oil drops to 60 or lower per barrel. Will it be different this time?