Tuesday, May 4, 2010

[ConservativeOptionStrategies] Re: check out ITMN May Puts3

 

john, you make a lot of money today. i hope so. you are so excited because of high premiums.....this is exactly why covered call writers and short put traders end up losing all their money....they look for the highest premiums and get excited. there is a reason the premiums are high......danger!!!!!!!

soars....who cares...true
tanks? yes tanks....in 2009 itmn was a 9 dollar stock and only rose recently because of fda approval or disapproval......very easy to hit the low of 9 or even lower to 5. so that 20 dollar csp with premium of 1.52 your breakeven of 18.48.......wonder if you will email tomorrow hold an assigned 20 dollar stock with breakeven of 18.48 and stock is 9....trust me after these biotechs tank like that you can NOT sell covered calls to get to breakeven because all the interest leaves traders leave and the premiums dry up...

seriously good luck....drjoe

--- In ConservativeOptionStrategies@yahoogroups.com, "Hand, John" <john.hand@...> wrote:
>
> 1 - currently $48
> 2 - soars? Who cares; I'm doing a CSP.
> 3 - tanks? From $48? I'm doing a $20 CSP at $1.52 for 7% ROI in one month. $28 of protection.
> 4 - looks like plenty of people are currently doing Puts.
> JH
>
> -----Original Message-----
> From: ConservativeOptionStrategies@yahoogroups.com [mailto:ConservativeOptionStrategies@yahoogroups.com] On Behalf Of joe & leigh
> Sent: Tuesday, May 04, 2010 9:34 AM
> To: ConservativeOptionStrategies@yahoogroups.com
> Subject: [ConservativeOptionStrategies] Re: check out ITMN May Puts2
>
>
>
> john,
>
> fda is either going to approve or disapprove today their drug for pulmonary fibrosis ...the stock is going to tank or soar.....biotechs espec with fda approval is VERY dangerous. look at the covered call premium (10.4 for an atm call for 3 weeks on a 48 stock). how would you try to make money and have protection? drjoe
>
> --- In ConservativeOptionStrategies@yahoogroups.com<mailto:ConservativeOptionStrategies%40yahoogroups.com>, "Hand, John" <john.hand@> wrote:
> >
> > Look at the prices. Ie, $15 @ $0.69 = 4% ROI - in one month.
> >
> > Also: http://www.gekkowire.com/?p=3218
> >
> > Of course, DD is suggested. JH
> >
> > -----Original Message-----
> > From: ConservativeOptionStrategies@yahoogroups.com<mailto:ConservativeOptionStrategies%40yahoogroups.com> [mailto:ConservativeOptionStrategies@yahoogroups.com<mailto:ConservativeOptionStrategies%40yahoogroups.com>] On Behalf Of joe & leigh
> > Sent: Tuesday, May 04, 2010 8:52 AM
> > To: ConservativeOptionStrategies@yahoogroups.com<mailto:ConservativeOptionStrategies%40yahoogroups.com>
> > Subject: [ConservativeOptionStrategies] Re: check out ITMN May Puts
> >
> >
> >
> > John, please don't post just in subject line. you obviously saw something in those puts and have a thought. why don't you tell us what you think you saw and how you or us can profit from your observation......drjoe
> >
>

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