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#811 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Quote:
Here's a recent article from Motley Fool. https://www.fool.com/investing/2017/...ady-up-an.aspx My call would be to buy on dips, like now. Monday morning may be a good entry point. |
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Posts: 13,367
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#812 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
http://www.cboe.com/learncenter/pdf/understanding.pdf At roughly 10:15 am on Friday morning, I entered a LIMIT order to buy 50 CALL OPTIONS to OPEN on Tesla for .40 Each contract controls 100 shares so I had control of 5,000 shares of stock. When you initiate a new position, it is called to OPEN and when you sell it's called to CLOSE. You can also SELL an option to OPEN a position but that is even more advanced on naked call selling. SUPER DANGEROUS! The strike price was $265 and at the time I did the order, the stock was around $263, so I was still two dollars "out of the money", not counting the .40 per share I paid for the contracts. The option of .40 would be multiplied by 100 and equals $40 per single contract. It gives me the right to buy 100 shares of Tesla for each option contract. At 10:17 the options order began getting filled in 3 blocks, 30 contracts at .40 ($40) for $1221, then 10 at .40 for $407 and then another 10 at .40 for $407 for a total of 50 contracts @ $2035, which INCLUDES commission. Then as the stock began to rise close to the $265 strike price well before the end of the day, the options shot up to around .65-.80 around 12:10 pm. I then began to enter sell orders in blocks of 10 contracts at MARKET PRICE to ensure the options sold. Then at 12:12 pm the options started to sell; 3 at .72 then 3 at .72 then 2 at .73 then 2 at .74 then 20 at .67 then 20 at .75 for a total of 50 sold contracts at a total sales of $3,509.85 INCLUDING COMMISSIONS. So the end results: 50 bought at $2,035 50 sold at $3,509.85 Profit $1,474.85 in two hours. The times stamps are on each executed trade, hour:minute:seconds $1,474.85 / $2,035 = 72.5% profit Last edited by scho63; 03-18-2017 at 05:45 PM.. |
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Posts: 51,504
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#813 | |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Quote:
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Posts: 8,286
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#814 |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
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And how often does it go the other way? The main reasons i wouldn't get into this is because -- I think -- as fast it goes up, it could have gone down, and it's pretty damn tough to know which way it will go. Even if you think you know, in the short term MANY other factors could come into play, including alot of stuff that has nothing to do with the company specifically, but rather deal with the broader market. Seems super dangerous, tbh. Think I'll stick to boring and safe (relatively speaking). |
Posts: 43,125
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#815 | |
Banned
Join Date: Dec 2014
Location: 19th Hole
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Quote:
Portola had a minor hiccup last Fall when they applied for approval but the indication from the FDA was 'hey we know your drug works but you're getting a little eager... So quit being rookies and see you again in 6 months'. PTLA already applied for FDA approval on their other drug, betrixaban. In second quarter they are expected to reapply for approval of andexanet Alfa which is expected to go thru. Their clinical studies so far have been compelling. Warfarin will be a thing of the past if this drug goes thru. |
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Posts: 11,680
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#816 |
Banned
Join Date: Dec 2014
Location: 19th Hole
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The one I'm kicking myself over is not buying more esperion therapeutics a few months ago. FDA approved their drug and they exploded 74 percent today
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Posts: 11,680
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#817 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
I have about a 34% win ratio. While that seems really low, in the options market you may put up $1,000 and get back $7,500. If you keep you initial investment at the same level all the time, you can do pretty well. Where people, including me get in trouble is that we risk $1,000 on a few trades, make a few thousand, feel cocky and then make a real risky bet with like $4,000 and lose it all. Discipline is paramount Since 2009 I'm in the hole about $12,000 |
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Posts: 51,504
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#818 | |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Quote:
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Posts: 13,367
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#819 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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Posts: 13,367
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#820 | |
Veteran
Join Date: Dec 2006
Location: Indiana
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Quote:
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Posts: 4,579
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#821 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,217
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#822 |
MVP
Join Date: Sep 2005
Location: Austin,TX
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MGM Resorts International (MGM)
Undervalued Trading at 9 times earnings Catalysts -new casinos in D.C. and Macau China next month Little 2% dividend Best of breed and dominant in Vegas. |
Posts: 11,864
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#823 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,504
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#824 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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I think it's pretty commendable admitting your down since 2009.
Those screenshots have that handy 2 roundtrips to PDT threshold warning message at the bottom for a reason ![]() In other news, Settlement is moving to T+2 in September so that's nice. Tonight is the House decision on Republicare or whatever the hell it is.. should cause some action
Spoiler!
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Posts: 6,024
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#825 |
Veteran
Join Date: Dec 2006
Location: Indiana
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Personally, I play craps.
On a more serious note, though, you should really stop "gambling" on stocks and throwing your money away since you seem terrible at it. And you should definitely stop posting financial advice for others, and probably stop posting altogether. |
Posts: 4,579
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