Play It On Paper- Clappy's Newbie Option Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Play It On Paper- Clappy's Newbie Option Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clappy who wrote (77)	7/27/2000 8:33:45 AM
From: Clappy	Read Replies (2) of 176

Trade First for some accounting... Prior to yesterday, the cash in my fictitious account was $9,175. Then Yesterday I bout RMBS puts for a total of $6,600. This leaves me with a balance of $2,575 to play with. I'm going to put this money towards STLW calls. At the open today I'm buying The STLW AUG 70's (Ticker: SZQHN). Right now LAST:15/16 BID:9/16 ASK:1 1/16 I'm hoping to get the LAST price. However, I would (realistically) probably pay the ASK price seeing how beaten up it's been the past two days. (I'm expecting buyers to be jumping in.) If I get the ASK price, I'm figuring to buy 24 contacts for a total price of $2550 leaving me with only $25 in my account. Hopefully I will get to see the actual Call prices shortly after the open... I plan on making this a day trade. Probably will sell this position on any pop in price. -Clappy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next