A notice to Noobs regarding Expiration friday.

Discussion in 'Options' started by KINGOFSHORTS, Jul 16, 2009.

  1. spindr0

    spindr0

    I wonder what fertile ground he's polluting now

    :)
     
    #41     Jul 19, 2009
  2. lassic

    lassic

    sold 2.50 puts
    the stock closed 2.64, according to IB and others

    still had assigned to me

    made extra $.10+ if stays there Monday

    may cash out or sell some calls
     
    #42     Jul 19, 2009
  3. Tell us about it after you make the extra 10 cents. Don't ignore commissions.

    Mark
     
    #43     Jul 19, 2009
  4. lassic

    lassic

    I'm curious what price it opens on Monday

    I'll post a follow up

    most likely, going to sell some calls
     
    #44     Jul 19, 2009
  5. spindr0

    spindr0

    If it's your desire to be an owner (long stock or covered call), go to the next reply now. :)

    If you're looking to cash out and you don't want to take pot luck, look to sell it in the pre-market. Determine the lowest ask price and put in a sell order a penny below (assuming that it's an acceptable price above $2.50). Set a price alert to let you know if someone comes in with a better price so that you can reset and remain first in line.

    Chances of executing a sale are better if it's a 4 letter critter (NAZ). The 3's often don't trade at all in the pre but sometimes you can get lucky.

    NCS ?
     
    #45     Jul 19, 2009
  6. lassic

    lassic

    :D
    nice guess
    been accumulating a boatload by selling puts
    either going make a killing or be killed :)
     
    #46     Jul 19, 2009
  7. spindr0

    spindr0

    LOL, no guess. Closing quotes were good and only one closed at $2.64

    Just a matter of looking in the database at the 2's and VOY-LA!

    Good luck in the AM
     
    #47     Jul 19, 2009
  8. lassic

    lassic


    follow up
    closed Friday at 2.64
    open today at 2.75
    bid now 2.62

    i think im going to keep and just sell calls after knowing for sure i have been assigned

    but to me, that much otm and still be assigned is bs because i already set my strategy in place for next month, the last 15 minutes on Friday

    but it is my fault for not closing out the contract
     
    #48     Jul 20, 2009