Buy CALL if you think "your" stock is going to soar..
Buy PUT if you think "your" stock is going to take a
dump, you know, that feeling after you eat a big
steak dinner with baked potato, salad, prime rib,
10 beers, etc.. yum.
BUY "in the money" options to minimize the "time"
premium, plus place outrageous limit orders to buy, ie,
ALTR is $31 3/8 and this is real options $
Sept 35 Put - $4 1/4 - $4 5/8
Sept 25 Call - $6 1/2 - $7
Me thinks the market will dump tommorrow, so you wake your
$ss up before market opens and check the bid/ask with your
handy-dandy real time quotes.. If it LUKES like a bad day
is emminent.. buy dem Sept 35 Put options for $4 5/8,
ALTR drops 2 bones later on, you should be able to sell dem
PUTS for around $1 buck profit..(day trade), or if you think
it will be down more, hold on to them and rake more $$$$$$
** OR **
If you don't know where the market is headed before market open,
check the market 1 hour into the trading day.. If ALTR is down
2 bones already, chances are you "may" be better off buying
the Sept 25 CALL, by then the price would drop from $7 to
maybe $5 1/2 - $6 range, so place a limit order to buy at
$5 3/8 or as you see fit. Sell them later on, place limit order
to dump at $6 bones or more when the stock does the dead-cat dance..
visa versa, etc..
Bahh.. why AXE me ? You are DA-Master!! Hail to the King, Oh..
the King approaches...rahhh rahhhh .... <bugs bunny>
Pirate |
