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10baggerbamm
:
it's a $1.15 a contract (this Friday expiration) and that's yesterday's close obviously the stocks down this morning that means when the option Market opens it's going to be higher maybe a $1.25 per contract.. you're going to need very quick price movement in the next day or two in order to make any significant return because you're paying for time value and volatility premium in the time value is going to decay on a Friday expiration very quickly there's only four days left. to be honest you're probably a day late yesterday when it was collapsing would have been the time to go in and make the purchase.
10baggerbamm
勿贪
OP
:
it's a good risk reward. it's a lot smarter than obviously trying to short the stock because you know exactly what your loss is going in where is short your loss can be unlimited unless you stop out. good luck to you
10baggerbamm
勿贪
OP
:
it's going to be volatile there's no doubt about it I mean I think you had a good shot I think he had the right idea and it's not over yet.
10baggerbamm : it's a $1.15 a contract (this Friday expiration) and that's yesterday's close obviously the stocks down this morning that means when the option Market opens it's going to be higher maybe a $1.25 per contract.. you're going to need very quick price movement in the next day or two in order to make any significant return because you're paying for time value and volatility premium in the time value is going to decay on a Friday expiration very quickly there's only four days left. to be honest you're probably a day late yesterday when it was collapsing would have been the time to go in and make the purchase.
勿贪 OP 10baggerbamm : Let's try n see
10baggerbamm 勿贪 OP : it's a good risk reward. it's a lot smarter than obviously trying to short the stock because you know exactly what your loss is going in where is short your loss can be unlimited unless you stop out. good luck to you
10baggerbamm : did you buy puts today?
勿贪 OP 10baggerbamm : Yeah, lost some money, 3 days to go, wish me luck
10baggerbamm 勿贪 OP : it's going to be volatile there's no doubt about it I mean I think you had a good shot I think he had the right idea and it's not over yet.