Might Be in Trouble: What happens when a Naked Put Expires?

Discussion in 'Options' started by zghorner, Sep 6, 2019.

  1. zdreg

    zdreg

    You may be on to something. Please explain.
     
    #61     Sep 7, 2019
  2. vanzandt

    vanzandt

    This one as it makes no sense:

    And this one is borderline as it barely makes sense:


    And if you feel like it, perhaps you should do this as you seem to be an expert on the subject:


    I'd wait till you come down off of whatever the fuck you're using this morning though bro. You're kinda out there today my friend. Not your usual self. It is Saturday though, so I guess you "pro's" can only fire up the dank on weekends. Good thing. Obviously.
     
    #62     Sep 7, 2019
  3. zdreg

    zdreg

    "If that is not the pan calling the kettle black."
     
    #63     Sep 7, 2019
    vanzandt likes this.
  4. vanzandt

    vanzandt

    An amateur response.
     
    #64     Sep 7, 2019
    zdreg likes this.
  5. zdreg

    zdreg

    Take up my suggestion for a new thread. You might be helping "95,600 amateurs":wtf: assuming they read the thread and act on it. It might be your key to heaven.:D
     
    #65     Sep 7, 2019
  6. On monday, sell call $20 strike a couple of week out for .50 cap gains and .20 call premium. About $4900 profit, if HAL closes above $20 at expiry. If not you still make $1400 call premium alone. Then repeat until called away...
     
    #66     Sep 7, 2019
  7. zdreg

    zdreg

    If somebody makes a merger offer at $30 you are out $65100. Should I suggest that ET be renamed Amateur Trader's Corner?
     
    #67     Sep 7, 2019
  8. vanzandt

    vanzandt

    Would you chill. Lyle mistakenly assumed (obviously) he was assigned the shares.

    This:
    He obviously missed the post where the OP said he closed for $.03.

    Geez Z!
     
    #68     Sep 7, 2019
  9. zdreg

    zdreg

    This thread is lucky to have someone like you who recognizes other peoples "obvious "mistakes but you should have given him the opportunity to explain himself. Further you are assuming for Lyle that the OP would be happy to sit with a long position in Hal. In your scenario. if Hal should implode for whatever reason the OP could be sitting on substantial losses+ having his available capital tied up for a long period of time.
     
    Last edited: Sep 7, 2019
    #69     Sep 7, 2019
  10. Who doesn't know what a mic drop is???

    That ranks lower than newbies selling naked puts and not understanding the risks...
     
    #70     Sep 7, 2019
    MKTrader likes this.