GE Put Options

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

  1. I have no idea if GE is going to move through the strike price, but I do know this: the risk/reward is terrible, although I assume you already know that.

    What are you going to do if the Obama administration announces that they have nationalized all the troubled banks over this weekend?

    Mark
     
    #11     Mar 4, 2009
  2. lindq

    lindq


    LOL. This is one for the keeper file.

    You sold 2,000 contracts and come to ET looking for advice.

    :eek:
     
    #12     Mar 4, 2009
  3. Subdude

    Subdude

    Are these naked? If so, I salute your confidence and the sizes of your balls, as well as your account! :D
     
    #13     Mar 4, 2009
  4. good one! :D
     
    #14     Mar 4, 2009
  5. You are looking for trouble. If you want to sell premium do it on an index stock after a selloff. You will not be exposed to one single stock.

    What size is your account by the way? I could have helped you make money without the risk you exposed yourself to.
     
    #15     Mar 4, 2009
  6. That's 200,000 shares,not 2,000 shares. You do understand that I assume.

    Do you always keep a spare million dollars in your account, just in case you need it for a long-term investment?

    Mark
     
    #16     Mar 4, 2009
  7. GE is finished
     
    #17     Mar 4, 2009
  8. kandlekid

    kandlekid

    If GE is over $5 on Mar. 20th, you're the luckiest man alive.

    This isn't even like gambling, it's more like choosing to get in front of a firing squad, and praying for a miss.

    Kiss your a*s goodbye.
     
    #18     Mar 5, 2009
  9. So you are the one that sold me $5 put ? Thanks ! :D
     
    #19     Mar 5, 2009
  10. No one asked for your help, nor was it needed.

    This guy needs a lesson on risk management, not how to make money.

    Mark
     
    #20     Mar 5, 2009