Its lookin like another great day. VMC red. CGC green. MGM green. SYMC green. I hope he's doing well. As someone pointed out, I did state early on that this was a directional stockpicking competition. And as they further pointed out, me vs him is like a roulette table vs a savings account. Skill in the markets ultimately is knowing what stocks to buy and which stocks to short. Playing those options like he's doing, I have heard from reliable sources that if the competition was longer, he would go bust. Just like he has several times. Anyway.... sunny day here at Z's..... bought a new toy for the estate this weekend. A zero-turn mower. 48" deck. Its a hoot. Makes grass cutting fun. Ya'll have a good day trading. Z out!
Hey there's north of $131 on VMC as expected... those Aug $135's are $6.30/$6.60 Is $6.50 fair enough for you if I wanna add? Either way I'll add 15... tell me the price.
I guess there's no whining about $6.50. Gee, Imagine that. So 40 VMC at a basis of.... about $7.70.... now I know... I did that in my head... so don't slam me if I'm off by a couple pennies. CGC hanging tough, SYMC continues up, as does MGM. BAC $0 ... needed that one to give Desperio a chance.
What is the point of doing a paper trading account with a capital allocation unrealistic in a real option account?
I'm gonna close CGC at $4.70 here. Thats (-$600). With 3 open positions... balance looks like $99,240 valuing (snapshot): (30)SYMC @ 2.65 (40)VMC @ $7.75 (20) MGM@$2.75 Cash $54,790
I'm going to close MGM for now. $3.30 on the bid/$3.35 ask Lets say $3.32 Thats $2160 I'll figure balance later...