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samaelrocks

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samaelrocks

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Thursday, 11/13/2008 4:31:37 PM

Thursday, November 13, 2008 4:31:37 PM

Post# of 72979
I learned something new that's worth posting here regarding BUD and a buyout, IMO.

I bought $70 calls for January @ .15. The $65 calls were around $4! BUD kept creeping up but the $70 calls lost value. BUD closed up another $1.60 and the $70 Jan calls are down.

I'm guessing it's because of the $70 buyout. So folks already know that $70 calls will expire worthless. Therefore, the contracts in that price will do nothing. I ended up selling those calls @ .10 for a loss. Still watching to see if I made a big mistake or not. LOL! This one has me intrigued.

Anyone disagree?
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