Will I get put those 2000 shares of GE poll

Discussion in 'Trading' started by KINGOFSHORTS, Nov 13, 2008.

take your bets

  1. Yup, your gonna get slammed with those 2000 shares

    7 vote(s)
    77.8%

  2. nope, at the last second the buyer will get gypped and it will be OTM by 2 pennies.

    2 vote(s)
    22.2%
  1. KINGOFSHORTS

    KINGOFSHORTS

    I wrote 20 contracts for 17.5 puts for this december.

    So will I get slammed with those 2000 shares of GE.
     
    #1     Nov 13, 2008
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  2. simplyloge

    simplyloge

    I sold the dec 12.5.....and i am concerned. The price action has been terrible......may jettison this trade sooner rather than later. :eek:
     
    #2     Nov 13, 2008
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  3. Lucrum

    Lucrum

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=144183

    Nice to see at least now you're familiar with equity options contract specifications.

    If it were me I don't think I'd be selling naked puts, especially in a bear market,
    unless I was ready, willing and financially able to have the underlying stock put to me. Just in case.
     
    #3     Nov 13, 2008
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  4. KINGOFSHORTS

    KINGOFSHORTS

    lol I hope you guys figured out I was joking :)

    Well I have the cash for it and I am willing to take those shares put to me on December. Premiums were a bit high so I am betting on them being OTM in december.
     
    #4     Nov 13, 2008
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  5. snowhite

    snowhite

    You get to proud own 2k america GE shares cum December.
     
    #5     Nov 13, 2008
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  6. KINGOFSHORTS

    KINGOFSHORTS

    Someone wrote a buttload of contracts for 17.5 :)



    http://www.cnbc.com/id/27696167


    If GE survives this mess they will be in an interesting position looking forward. So many other firms are now "bank holding type firms" and they do have an industrial/infrastructure arm that generates cashflow.
     
    #6     Nov 13, 2008
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