"Facebook boosts IPO size by 25 percent, could top $16 billion" SOCL in my opinion is the only way to take advantage of the FB IPO early in the game. I still recommend the trade I posted a few days ago. This Friday FB starts trading.
Recommend? Since when did you start an advisory service? Or does your advisory recommend watch-lists only?
Oh yeah, he has lots of options if the trade goes bad. He can change a call to a put. Change a put to a call. Change a buy to a sell. Change a sell to a buy. Or there is the old watch list thing. What a tool.
Bought GRPN underlying at 12.70ish average as a hedge against my butterfly (11/12/13) If it falls below 12.00 ill lose though...
can atticus or anyone here update a newbie option trader on the results of these trades? loss, gain , etc?