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Cereal

Registered: Dec 2010
Posts: 67

07-12-12 03:44 PM

Just sold 4 TBT Jul12 $14 PUTS for 0.06 getting net after comm $17.94
Also sold 2 TBT Jul12 $15 PUTS for 0.38 getting net after comm $72.96

Both big losers but at least got something before expiry.

One position left and will report on completion.

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diaoptions

Registered: Aug 2011
Posts: 392

07-12-12 04:27 PM

Quote from diaoptions:
07-02-12 04:56 PM

Simple solution:

Buy TBT Aug 2012 15.000 put @ $0.45 (or the $16.00 put). http://finance.yahoo.com/q?s=TBT120818P00015000

Forget BBVA, stock price is too low.

TBT Aug 2012 15.00 put is at $0.71.

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diaoptions

Registered: Aug 2011
Posts: 392

07-16-12 05:48 PM

Quote from Cereal:
Just wondering if any of the more experienced people here might lend a hand and recommend some additional trades I might make so as to repair or minimize losses for these which are losing now.

Quote from diaoptions:
07-02-12 04:56 PM

Simple solution:

Buy TBT Aug 2012 15.000 put @ $0.45 (or the $16.00 put). http://finance.yahoo.com/q?s=TBT120818P00015000

Forget BBVA, stock price is too low.

TBT Aug 2012 15.00 put is at $0.80, I would close the position at this time. So what do you think of that "repair strategy" to minimize your losses?

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Cereal

Registered: Dec 2010
Posts: 67

07-20-12 03:33 PM

Quote from diaoptions:

TBT Aug 2012 15.00 put is at $0.80, I would close the position at this time. So what do you think of that "repair strategy" to minimize your losses?

Well thanks, good ideas. Always easier in hindsight though etc.
Look at BBVA 6$ Put expiring today, stock now below 5.70 but i closed the option days ago already...

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diaoptions

Registered: Aug 2011
Posts: 392

07-20-12 04:25 PM

Quote from Cereal:

Well thanks, good ideas. Always easier in hindsight though etc.
Look at BBVA 6$ Put expiring today, stock now below 5.70 but i closed the option days ago already...

That was a live call, it wasn't posted in hindsight. The ET timestamps of the posted trade - both opening and closing - will correspond with the real value of the TBT Aug 2012 15.00 puts at that time.

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