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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (3959)3/29/2016 12:16:16 PM
From: Kirk ©  Read Replies (1) | Respond to of 26783
 
Wow!
SUNE now 55 cents and the Jan 2017 $1 put is ~80 cents
So if you can get those prices, you could sell the put for ~80 cents then buy the stock for 55 cents and get a guarantee to make money!

Are you playing it?

My guess is that holds true until I try to place orders...



To: Gottfried who wrote (3959)3/29/2016 12:24:37 PM
From: robert b furman  Read Replies (1) | Respond to of 26783
 
Buy 10,000 shares for 5500. sell 100 contracts for 8000, bank $3500.

Hope to buy the put back at a penny as time decay for 20 months goes to work for you.

If the stock gets delisted what happens to the put?

Answer - it goes kaput??? <I don't know?>

Bob