GE Put Options

Discussion in 'Options' started by Vinny1, Mar 3, 2009.

  1. I sold 2,000 put contracts today of the GE March $5 strike at $25/contract for a total of $50,000 in premium collected. I just wanted to get some opinons on if you guys think GE will go below $5 by March 20th.
  2. GE has to be one of the worst stocks ever along with DRYS and AA.
  3. Daal


    noob, nobody cares about GE, market will surge, there is no crisis
  4. dsq


    POST A SCREENSHOT or its just BS...which it sounds and smells like...i ll delete this post and apologize to you if you do post a many bs ers here on et though.
  5. no you didn't
  6. Sure I did.
  7. Look at AH trading right now.

    I hope you went long 2.5 puts.
  8. how much are you out of the money if....let's say GE goes down to $3 by the expiration?
  9. I'm hoping that over the next 3 weeks, it stays above $5/share, otherwise, it will turn into a long term investment for me.
  10. heech


    My screener says 81% probability that it ends up above $5 share, and 19% probability that it goes below.

    You do realize that you also need $1 mil in buying power lying around in your account, ready to pay for 200,000 shares of GE at $5? (And if GE does go to $3 at that point... you'll immediately have $400k in unrealized losses?)
    #10     Mar 4, 2009