InvestorsHub Logo
Followers 1
Posts 361
Boards Moderated 0
Alias Born 03/14/2007

Re: localoil post# 6775

Wednesday, 06/27/2007 12:23:49 AM

Wednesday, June 27, 2007 12:23:49 AM

Post# of 45174
Local, there are truck loads on the put side and almost nothing on the call side (every strike price I looked at). You have a bunch of folks with you. However, the premium appears to be the greatest on the call side, until you look at the $34/$38 p/c prices. "As a rule of thumb" the premium side wins more times than not, BUT I have not tracked XLF options.

QUOTING YOUR POST
"Just bought, buy to open the XLF September 36 puts (XLF+UJ) for a cost of 1.25 per contract or better. Bought 20K.

Bought at $1.15. Wish me luck."
END YOUR QUOTE
MY COMMENTS/QUETIONS: XLFUJ 26 June 2007 activity - Hi and close $1.25/c with a low of $1.05/c. You said you bought at $1.25 and then at $1.15. Have you been buying your 20K over a period of time and is that 20K contracts, $20K worth of contracts, or an equivalent of 20,000 shares/200 contracts? Todays volume was 13,939 contracts and an open interest of 56,607 contracts, on one of the places I trade.
END OF MY INFO AND START OF YOUR QUOTE
"Help is on the way."
END YOUR QUOTE

ARE YOU GOING TO HELP BDGR, is the new hire good, is there recourse that may be coming for past action/activites against BDGR/etc? Please explain.

Someone asked you about the new hire, did I miss your response?
Also, did you and Lou get together?