Aggie77
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Member Since: September 2004
Posts: 5,570 
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Post by Aggie77 on Sept 12, 2011 13:13:03 GMT -5
40,000, ouch! Which way should I play the options; calls or puts?
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Post by captaggie on Sept 12, 2011 14:33:06 GMT -5
Calls! (I'm guessing)
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 13, 2011 7:49:27 GMT -5
I'm thinking Puts (at least in the short term). Let's track it.
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Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 13, 2011 7:56:37 GMT -5
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Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 13, 2011 20:21:23 GMT -5
BAC closed at $7.00
Oct Call in the money $7 strike price was $.80
Cost Basis on 10 contracts $800
Oct Put in the money $7 strike price was $.76
Cost Basis on 10 contracts $760
Today's Close 9/13/2011
Oct Call in the money $7 strike price = $.70
Today's value $700 down $100
Oct Put in the money $7 strike price = $.70
Today's value $700 down $60
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 14, 2011 19:18:31 GMT -5
BAC closed at $7.05
Today's Close 9/14/2011
Oct Call in the money $7 strike price = $.68
Today's value $680 down $120
Oct Put in the money $7 strike price = $.61
Today's value $610 down $190
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Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 15, 2011 19:37:35 GMT -5
BAC closed at $7.33
Today's Close 9/15/2011
Oct Call in the money $7 strike price = $.79
Today's value $790 down $10
Oct Put in the money $7 strike price = $.48
Today's value $480 down $320
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 17, 2011 0:08:57 GMT -5
BAC closed at $7.19
Today's Close 9/16/2011
Oct Call in the money $7 strike price = $.68
Today's value $680 down $120
Oct Put in the money $7 strike price = $.46
Today's value $460 down $340
This is a real disaster. I think you are gonna be right, but I would have gotten out of both of these Day1, especially the Put, because it turned bad early. There's still a margin of hope for the Call, but if it doesn't turn up on the open Monday, it probably will not recovery either.
The stock trendline is up, but the Nov. & Dec. Put in the money strike prices are up sharply with significant volume. I should have bought more time.
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Post by aggieman007 on Sept 17, 2011 15:02:26 GMT -5
77
What do you think about Ford Stock?? Smile
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Aggie77
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Posts: 5,570
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Post by Aggie77 on Sept 17, 2011 20:21:48 GMT -5
77 What do you think about Ford Stock?? Smile Man, why are you gonna come up in here with that? I asked you over and over what the number was gonna be, but you were silent like a door knob. Me and 'jazz could have doubled up on that. ;D |
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 21, 2011 22:14:17 GMT -5
BAC closed at $6.38
Today's Close 9/21/2011
Oct Call in the money $7 strike price = $.32
Today's value $320 down $480
Oct Put in the money $7 strike price = $.95
Today's value $950 up $150
I don't think I would have lasted this long on this trade, but if I did I would be out today.
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 22, 2011 16:00:03 GMT -5
BAC closed at $6.06
Today's Close 9/22/2011
Oct Call in the money $7 strike price = $.24
Today's value $240 down $460
Oct Put in the money $7 strike price = $1.16
Today's value $1,160 up $460
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DECKS
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Post by DECKS on Sept 22, 2011 16:35:30 GMT -5
Lol, how did I miss this thread? Insider info? ;D
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Aggie77
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Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Sept 23, 2011 8:26:33 GMT -5
Because the futures and overseas market are down, I would ride the Put until at least noon. But it's time to reverse to a Call. BAC can't go much lower.
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Aggie77
Official BDF member
Member Since: September 2004
Posts: 5,570
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Post by Aggie77 on Jan 2, 2013 15:36:33 GMT -5
Is anybody out there tracking BAC, particularly, the legal issue with the Feds about Countrywide? Is that ahead or behind? I liked to get in before the earnings announcement, but the fiscal cliff up tick squashed my short term move. I’m looking long now. The growth trend looks good and the price is right. Thoughts?
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