You can drive a truck thru the spreads. Your
not going to get out of a option contract unless you use GTC or pay
up on BOIL...
I have a small position 10 short SEPT calls that I
got 1.60 for the other day. I am
only covering those if I have too. Its not like BOIL
can be taken out by another company
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Keep your EYES ON BOIL
Posted by zach06 on 10th of May 2012 at 10:25 am
Drum roll in 5 minutes
selling into good news.
Posted by frtaylor on 10th of May 2012 at 10:41 am
selling into good news.
yep... I sold some 9.00 June calls for 90 cents
Posted by zach06 on 10th of May 2012 at 10:45 am
just bought some BOIL for 8.28 break even 7.38 Sell the calls first on the runup and wait to cover later.
natural gas report bulliish
Posted by zach06 on 10th of May 2012 at 10:31 am
natural gas report bulliish
BOIL stuck in the mud
Posted by zach06 on 10th of May 2012 at 10:33 am
if you can get 80 cents or so for JUne 8.00 puts I would sell them... Break even 7.20
Or wait to sell them at a higher premium on a pullback...
Posted by lessarda on 10th of May 2012 at 10:43 am
The wide spreads add to the importance of good entries. I'm short the Jun 7 puts and they've been sitting at $0.20/$0.60 for a while now.
You have to use GTC orders
Posted by zach06 on 10th of May 2012 at 10:54 am
You can drive a truck thru the spreads. Your not going to get out of a option contract unless you use GTC or pay up on BOIL...
I have a small position 10 short SEPT calls that I got 1.60 for the other day. I am only covering those if I have too. Its not like BOIL can be taken out by another company