TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... 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.

Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rashid Garuba who wrote (2949)	9/9/1998 4:56:00 PM
From: majormember	Read Replies (3) of 59879

<So, what are you going to do when it gets to $65 again???> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Rashid, I'm not sure you understand options....o.k., yesterday when AMZN was around $92, I paid $4 for the Oct 65 puts, YZN-UM, as the price DECREASES towards $65 the market price will INCREASE. I can sell the put anytime....today the put closed at 5 1/8 or +1 1/8 on 50 puts...a nice one day profit, but I feel AMZN will continue it's slide, perhaps below $65, when once I'm "in the money" there is a one to one point match... Until (if) AMZN hits/goes below $65, all one is paying for is the "Premium". Skane

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next