Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Options Picks and Talk. » option blunder??

- UBBFriend: Email this page to someone!    
Author Topic: option blunder??
TODDEAN
New Member


Rate Member 		Icon 9 posted      Profile for TODDEAN     Send New Private Message       Edit/Delete Post   Reply With Quote 
Here is my situation: My first ever option purchase. Last friday I bought 30 GEDG calls at $1.00 ea. the strike price is $35.00. GE closed at $35.74 on friday. GEDG ended like this: bid: .80 ask: .90 last: .95
Am I in trouble here? I'm down $600.00 right now right? any advise would be greatly appreciated!!!
Thanks,
Todd
Posts: 4 | From: Southern Cal. | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Bob Frey
Member


Member Rated:
4 		Icon 1 posted      Profile for Bob Frey     Send New Private Message       Edit/Delete Post   Reply With Quote 
The stock needs to get to 36 plus for you to make money. If you think it will get above 36 then you should be ok.

They are still giving you a .06 premium at the moment with an .80 bid. The premium will disapear this week. By Friday you may even see a -0.05 premium or the bid going below the value.

The chart looks to me like you need to get lucky to make money above 36 from here. Looks to have been fighting the 36 level for a while.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
TODDEAN
New Member


Rate Member 		Icon 1 posted      Profile for TODDEAN     Send New Private Message       Edit/Delete Post   Reply With Quote 
I don't feel lucky with this. I think their quarterly comes out friday, too late?
Posts: 4 | From: Southern Cal. | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
Bob Frey
Member


Member Rated:
4 		Icon 1 posted      Profile for Bob Frey     Send New Private Message       Edit/Delete Post   Reply With Quote 
May be a buy the rummer and sell the news. If I was up anyday this week I would sell. But I sell to early most of the time.

[Smile]
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
- Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share