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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BOIL stuck in the mud
Keep your EYES ON BOIL
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