bulldzr
I been involved with options for over 20 years, and they can be good
or they can be bad. You have to have a strong conviction that you are
doing right and if you are right they can be very rewarding with less
investment. I as you know made and lost millions in IDCC but the
fundamentals are greater than ever for more upward movement. Here is
a suggestion and only a suggestion you can sell your long position and
buy deep in the money calls going out to March or if they have a longer
option buy that one. By buying deep in the money calls chances of losing
all are small but if you lose you lose twice as much as just being long
a stock you are losing on. However if the stock rises you control twice
or more the shares depending on what strike price you feel comfortable
with. I bought a meager 10 December $75.00 calls for a whopping $450.00
and they are worth around $1,700.00 today. Vegasoptions has made a
fortune buying options on IDCC. The stock besides the fundamentals
imoproving is also been held up by some short covering and definitely
the call writters buying as they are losing money here lately or losing
the shares the wrote the calls against. They had made good money
writing calls in the past but of late they have been paying the piper.
News of a good final results on Huawei, and then a LG license and we
should have a shot at $100.00 if that price is attained before December
then I could make 50 times my money. However when I bought them I was
gambling and had no problem if I lost $450.00. However buying deep in
the money calls if you have strong convictions and don't want to just
out and right gamble you can control a lot more shares. Vegasoptions
is making a fortune but had he bought out of the money calls and risked
it all that he invested in the deep in the money calls he could have
made 4 times his money already which would have been like owning the
shares and them trading at $200.00 a share. Let me add if Trump wins
and cuts corporate taxes to 15% then the savings goes to the bottom
line on earnings and put a 18 P/E on those dollars the price of
the stock goes up that much making it tempting to own long options.
I am preparing for the inevitable now and buying a bacx hoe Monday
to clear some of my land and build a house on and sell it hopefully for
a reasonable profit and disposing of property taxes. I want to dispose
of my property taxes and leave my wife and son where they have a decent
income and nothing to pay out that is not generating money. I can't
believe the happiness she has brought me and she deserves everything
I leave her. I hope I stay around a long time, but the last couple of
years have been my best years even though I did develop health problems
but at our age that is part of life, just enjoy what time you have left.
Don't look back as woulda, shoulda, and coulda, can not be changed
today, and tomorrow is the only thing that matters.
JMO
Mickey
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