-------------- Because I care; on a 2%+ up day in dow/s&p/nq and yet; FB (destroys lives) is weak. Let us do the wager, eh? I am on the lake in Michigan for the summer and will kindly give you my paypal account particulars. 5 figures good for you? {I wanted to sound like that white dude who believes in 'magic underwear' who is running for the dumbest 'title' CEO of the Estados Unidos}; Romney and his inbred spawn! My man; I enjoy your moxy--but I am a holy man and I know things! Just being stupid; let us keep the 'hope and change' alive in this thread, eh? Our goal as traders is to identify highly volatile stocks that MOVE so that we can either trade options or on margin or ???? doing some efficient swingtrading. peace & blessings! The Eponymous Archbishop Hedvig Von Dikkeman V p.s. Your turn! p.p.s. Great thread and FB brings out the Type A personalites, eh? :eek:
Sure, you're on. I will PM. We can update this thread per the original bet conditions at expiration on 11/12/2012. I will lay 5:1 AGAINST a touch of $15.33 on FB shares anytime before the close of LISTED trading during NYSE hours on 11/12/2012. I will pay 5x the wagered sum if FB shares $15.33 any time during the period in question. You will pay 1x the wagered sum if FB shares DO NOT touch $15.33 prior to the close of LISTED trading during NYSE hours on 11/12/2012.
Interesting blog about FB came out a couple of hours ago: http://blogs.marketwatch.com/cody/2012/06/06/why-im-buying-facebook-right-now/tab/print/
Amended to highlight that no trading outside of NYSE hours will be honored by the bet. The bet should not be subject to some BATS trade at a nickel in the pre/post market.
As long as you are giving money away... Just so you know, as of now, the sept $20 puts will pay you about 5x your bet if they touch $15(plus time value) Dec $20 puts are paying about 2.7 times(plus time value) if they touch $15. Time value about 9 days out is worth .70 which would mean the dec $20 would actually pay slightly over 3x if it hits by the first week in dec. If it hits by the november date in question, then it would pay about 4 times your original bet. If it hits a month earlier than that, then about 4.5 times your original bet. So the guy you are betting with is getting slightly better odds with you.
It's a short touch option. An entirely different animal. I am a bit over fairval on laying the touch, but pricing the touch prob. is not the same as the payoff on the $20 put at $15 (or $15.33).