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Post by guidepost on Jan 2, 2018 22:21:02 GMT -5
There are many ways to play with options. I sold Jan 2019 strike $5 puts for $3.25
Stock drops to 1.75 -> Break-even
Stock remains at 2.66 -> 18% return
Stock rises to 3.75 -> 40% return
Stock closes above 5 -> 65% return
I'll be thrilled with 65% return!
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Post by akemp3000 on Jan 2, 2018 22:29:52 GMT -5
It's good to learn on this board how some people give away money  |
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Post by mnholdem on Jan 2, 2018 22:39:06 GMT -5
See you guys, I told you! mnholdem knows when to buy them..and knows when to holdem:-)) Sports, Back a couple months ago, when pps briefly popped to near $7, I was sitting on a 1,800% gain on my Jan 2019 $2 Calls. I know you bought quite a few of those same contracts, paying only $0.02 - $0.04 more on the premium than I did, so you were probably sitting around 1,500%. Why didn't we sell? That answer is simple. I think we both expected MNKD shares to be a lot higher than $7 by mid- to late-2018 and I haven't changed my opinion to date. The science will prevail.  |
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Post by sportsrancho on Jan 2, 2018 22:42:16 GMT -5
You are absolutely correct:-)
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Post by babaoriley on Jan 3, 2018 1:42:07 GMT -5
Sports, c'mon, you're hooked on options, you're kidding yourself if you think you'll take your money and buy XOM, T and the like - by the time the MNKD story plays out, you'll have figured another stock or two on which to place your bets. Compared to the action we see now, that would be like watching paint dry. But, it's actually the best way to go (financially), unless you get lucky. I'm trying to transition over, but I'm ancient compared to you. I wholeheartedly agree with you, baba. I don't think I could endure sportrancho's exuberant "OMG!" being replaced with, "Now that's a nice little 0.8% dividend." Then again, if she's busy travelling around the world doing all the things on her bucket list, she might prefer a portfolio that doesn't require so much of her time. I'm looking into cannabis stock that I'll call a "potfolio". Speaking of long-vs-short term options, my May 2018 Calls jumped 47% today and if I were to sell them tomorrow for the same price as today, I'd lock in 118% after commission. Not quite ready to sell those...I want to see what January brings.  I would figure a price and put the order in for those May's, MN, if it hits, fine, if it doesn't fine. Sell a third only. May will be here before you know it. I've exchanged almost all of my January 2019 options for January 2020 options, and will try to do the same with one last bunch tomorrow. Lots of speculation on what caused today's price rise; I hope Sports is right - she could be, I mean, she's bound to be right eventually? |
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Post by mytakeonit on Jan 3, 2018 15:06:01 GMT -5
As I've always said ... the stock market is legalized gambling. Las Vegas is boring when I can play the stock market from my puter. Ha! www.youtube.com/watch?v=gDwCMxPwJ_4BTW, do you all parlay your gains to make even more $$$? I see postings of almost all gains ... but, no losses. If it is that easy, you'd all be millionaires in a couple of months. Ha! When I go to Vegas and play the tables ... I parlay my winnings ... and my wife can't watch me anymore. It's funny ... |
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Post by mytakeonit on Jan 3, 2018 16:51:41 GMT -5
mn - You're a smart man ... and thanks for that Hitler video. It is funny!
When I use to day trade ... I would do maybe 20 turns in a day on one stock ... times that by how many stocks I was trading ... it was nuts! The 30 day rule killed those terrific days.
Only thing I hated was putting all those trades on a spread sheet at tax time. Ha!
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Post by moeperkins on Jan 3, 2018 22:20:08 GMT -5
I would agree, no options, don't use anybody else monies, no funny money, don't go to vegas with any more money than I want to loose, anybody got s sure fire thing has swamp property as well! Just my opion. Best to all for 2018! I've got my scratch offs lock and loaded!
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Post by mytakeonit on Jan 3, 2018 22:31:50 GMT -5
Do you know that Waikiki with all the high rises ... was originally swamp property?
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Post by moeperkins on Jan 3, 2018 22:42:26 GMT -5
From Texas Hill country don't deal with swamy land, high lands!
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Post by babaoriley on Jan 3, 2018 23:47:28 GMT -5
There are many ways to play with options. I sold Jan 2019 strike $5 puts for $3.25 Stock drops to 1.75 -> Break-even Stock remains at 2.66 -> 18% return Stock rises to 3.75 -> 40% return Stock closes above 5 -> 65% return I'll be thrilled with 65% return! I just hope you don't learn why you got $3.25 for that put option, guidepost! |
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Post by guidepost on Jan 4, 2018 0:53:54 GMT -5
There are many ways to play with options. I sold Jan 2019 strike $5 puts for $3.25 Stock drops to 1.75 -> Break-even Stock remains at 2.66 -> 18% return Stock rises to 3.75 -> 40% return Stock closes above 5 -> 65% return I'll be thrilled with 65% return! I just hope you don't learn why you got $3.25 for that put option, guidepost! Won't you please enlighten me?! |
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Post by dreamboatcruise on Jan 4, 2018 1:33:40 GMT -5
There are many ways to play with options. I sold Jan 2019 strike $5 puts for $3.25 Stock drops to 1.75 -> Break-even Stock remains at 2.66 -> 18% return Stock rises to 3.75 -> 40% return Stock closes above 5 -> 65% return I'll be thrilled with 65% return! Actually I think you're understating the potential returns. You get paid $3.25 immediately, and only stand to lose at most $1.75. If it is above 5 then you keep all the $3.25. To me I would think the best way of calculating a return is dividing the profit (3.25) by the amount you risked losing (1.75) which comes to 86% profit. Of course I did that with MNKD a lot in the past and had a big negative return. |
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