Considering a few long term options

Discussion in 'Options' started by bid4pk, Oct 20, 2009.

  1. bid4pk


    $FSYS JAN 2010 $35.00 Calls
    $F JAN 2010 $8.00 Calls
    $RIMM JAN 2010 $65.00 Calls
    $GME JAN 2010 $30.00 Calls
    $AAPL JAN 2010 $200 Calls

    Currently in the above? Any thoughts?
  2. you long or short?

    These ATM call have high delta and must be relatively expensive. If you want to benefit from these stocks moving up (that's assuming you are long), there are better ways IMO...
  3. bid4pk


    long since July and early this month. Profitable so far. Looking for a boost during holiday season especially on the techs. Got in at good prices. Very cheap and profitable so far.

    Wondering if were gonna see some retrace in coming months? Grab gains now or hold through holidays?
  4. Devin Brady

    Devin Brady ET Sponsor

    If you want to lock in some profits but you want to stay in those options. You could sell further out of the money calls to take advantage of the high vol. Giving you a bull call spread.
  5. Actually not a bad idea. Especially if the guys says he has owned them for a long time, maybe one can find a higher strike that will pay back the same amount he bought them for originally. Playing with other people's money is always a good idea! In that case you don't need to worry about a _temporary? - correction