Forums - Lottery Ticket - FAZ Call 75 Jan 2014

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Main ›› Options ›› Lottery Ticket - FAZ Call 75 Jan 2014

eldorado1

Registered: May 2010
Posts: 151

05-10-12 10:10 AM

Ask is 2.66..

better chances then powerball + I will have some downside protection on SPY butterfly spread.

might buy one contract today.

Edit/Delete • Quote • Complain

Whistlingleaf

Registered: Nov 2005
Posts: 293

05-10-12 12:07 PM

You could do a Jan 13 30-75 Bull Call Spread on FAZ for about the same 2.66 ~

Edit/Delete • Quote • Complain

eldorado1

Registered: May 2010
Posts: 151

05-10-12 02:54 PM

Quote from Whistlingleaf:

You could do a Jan 13 30-75 Bull Call Spread on FAZ for about the same 2.66 ~

That's much more interesting then mine

But spreads are wide, It would cost much more; so how about :
VXX - Jan 14 30-50 bull call (1.60 mid price)
or VXX - Jan 13 30-50 bull call (1.24 mid price)

Edit/Delete • Quote • Complain

Whistlingleaf

Registered: Nov 2005
Posts: 293

05-10-12 08:38 PM

I bet you could get filled at the midpoint on FAZ Jan 13 - give them another nickle if you have to - it's not a trade you need to worry about slippage so much with IMO.

At end of trade losing another 5-10$ won't make big difference compared to reward of 20+ bagger.

If wrong & market doesn't crash make trade again next January for Jan 14 -

Edit/Delete • Quote • Complain

eldorado1

Registered: May 2010
Posts: 151

05-10-12 09:37 PM

True, and as the trading day started I noticed the bid/ask spread got tighter so I might really go ahead and give it a shot (still hesitating cause I promised myself to never go debit)
Will go with the 30/50 strikes to reduce cost, Open interest is good too. Cheers!

Edit/Delete • Quote • Complain

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Questrade Canada's #1 Online Broker Rithmic Futures Trade Execution Platform	SpeedTrader Direct Access Trading SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider