Replies to post #29561 on Options Wonderland

[SherriT]

Yes, but if you look at the dollars across the board, the calls were cheap anyway, so losing 95% was no big deal....still about 40% at least overall.

[samaelrocks]

Agree 100%. I don't care which way it goes. If after earnings the stock doesn't move at least 15+% one way or the other, you're red. I'm surprised that anyone holds into earnings any more when you know you can get better prices the day after.

[nlightn]

i was only commenting on the puts,...

they had a low of $10 and a high of %15 today,...

well,...the fact that he only owned the put option for a few days and bought 3 contracts @ $8.50= $2,550 and sold for at least a $5 profit,...3 @ 13.50 = $4,050 with a profit of $1,500,...

i'd say he did quite excellent !

bottom line is you were calling these options to be worthless or less than what he paid or he might break even,..siting the MM games,...bottom line is your evaluation was incorrect.

in all sportmanslike conduct,...i hope you let him know that you were inaccurate in your evaluation and he made a good trade,...

GLTY in your trading :)