StockFetcher Forums · General Discussion · To Machismo<< >>Post Follow-up
karennma
6,827 posts
msg #81821
Ignore karennma
10/27/2009 8:27:38 AM

Remember I said, the option gives you the right to bet your judgment is correct.
If you're right, you make money. If you're wrong, you lose.
Today, I will lose on my BIDU calls.
DOWN $76 in Pre-market.



machismo
115 posts
msg #81823
Ignore machismo
10/27/2009 9:21:24 AM

karennma sorry to hear that, I hope the loss is not huge.

karennma
6,827 posts
msg #81824
Ignore karennma
10/27/2009 9:36:28 AM

No, it isn't.
First of all, the BIDU options were expensive.
I bought a very high SP to keep my premium down.
I posted last week, I felt it was unlikely BIDU would make a huge move to the upside like AMZN.
But it did make a huge move to the DOWNSIDE, didn't it?
LOL!
Anyway, the great thing about options is, ... you know up front how much you could lose ... the premium.
It was a "crap shoot".


karennma
6,827 posts
msg #81826
Ignore karennma
modified
10/27/2009 9:39:45 AM

Afterthought ....
Had I done what I did with AAPL 2 weeks ago ... bought calls AND puts ... I would've made a bundle!$$$$$
The low on the $350 PUTS was $1.75 on Friday. They're $9.70 now.

I still have my AAPL puts.
I wish AAPL would drop $50.
LOL!



machismo
115 posts
msg #81835
Ignore machismo
10/27/2009 11:00:09 AM

you should start an option alert thread like the intraday one..i am sure people will find it helpful. FSLR has earnings tomorrow and has beat estimate last 2 quarters.

karennma
6,827 posts
msg #81837
Ignore karennma
10/27/2009 11:26:28 AM

Well, I finally did SOMETHING RIGHT.
I DIDN'T buy any WYNN calls!
WYNN down $5.50.


StockFetcher Forums · General Discussion · To Machismo<< >>Post Follow-up

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