I meant to say "I sell Naked Puts" with stocks with a strong upward bias" because I don't mind being "put the stock" if my stock like MO, WWAV, PPC, and other strong cash-flow companies. Has anyone been day trading GTAT since we hit the price of $.75, Karen from "Fast Money" said she bought some, how much would she buy that would make us want to know? 200,000 or 500,000 or 1,000,000 shares? What amount of shares would a Hedge Fund have to buy to make her brag about her trade?
GTAT is out of the Sapphire Business according the various news sources. Was this all a maneuver to get out of their Apple Sapphire contract? http://etfdailynews.com/2014/10/09/...es-inc-gtat-a-few-lessons-to-be-learned-here/ GTAT cratered After-Hours so I think the Fat Lady has sung?
Watch the stock closely as she heads to $.10, after-hours the Tag-Teams are waiting for suckers to purchase above $1.00, most Smart Money is out of this stock and now it's up the Day Traders (LAKE is the perfect day-trading Mo-Mo Pump killing the Shorts), GTAT is going to be the Long-Squeeze for Longs holding this defunct company. There is no value left in GTAT, the only reason this stock went from $4 to $12 was the Apple Announcement, I think I posted info on GTAT when it was $7.) I hope nobody on Elite Trader get's stuck with GTAT or thinkings holding LAKE is a good idea. I am neither Long nor Short these stocks, I cleaned out all my short-term ideas.