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Re: waveytrain post# 198217

Friday, 08/27/2010 7:35:24 PM

Friday, August 27, 2010 7:35:24 PM

Post# of 249297
waveytrain....I am not an expert in options either. This is how I see the last 2 days. For example, I am a short who has run out of ammunition and can't get the price any lower. On Thursday I bought call options and on Friday I back away and let the stock run. I make money with the price going up. With my options in the money and everyone jumping in to buy stock, I excerise my options and start to attack the stock.

When the jumpy buyers get nervous and sell, I get the shares. The higher price I had to pay was paid by my options profit. The down pressure continues and I pick up more shares to cover my short.

I make money going up and coming down.

This is all my opinion.

1260

Remember, draining the swamp to get rid of alligators, will stir up the snakes.

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