Sanrith Descartes
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Think the tidal wave of selling is over. Volume is starting to pull back. ps.. When it the last time you saw +1000% average trading volume?
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Sanrith Descartes
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Sanrith Descartes
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30 strike and the primuim was around 5Locnar What puts do you have? I am guessing the $25 strike expiry tomorrow? If so what premium did you get for them?
Sanrith Descartes
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So there is nearly no time premium left, but what is left is getting influenced by the IV. You need to find the exact premium because it matters. So at the point in time below you could buy to close your puts for $5.20. The stock was trading at $25.07 so the difference was about 13 cents a share on a $5 premium. This is why the exact premium matters in the calculation. The stock is just about $5 below the strike and its trading for that difference modified by the marginal time value left in it. The trick with setting a limit on this is that the bid/ask is going to shift with the stock price. Calculate exactly what your premium was and put that into the calculation to know where your break even is.
Sanrith Descartes
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TRIT short seller letter.
edit: I can't find anything "new" that wasn't disclosed back in the beginning.
edit: I can't find anything "new" that wasn't disclosed back in the beginning.
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I looked , I got those contracts at 4.45 a share so they are currently “in the money” but not by much. So now it’s a gamble? To sell soon or keep for real profit. Sigh
Sanrith Descartes
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Answer - If it goes up, yes. If it goes down, no.
Somebody is buying a ton of warrants. Over 1.5 million traded so far this morning. These are the 25k+ transactions
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Sanrith Descartes
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You shouldn't be thinking about investing as gambling. Decisions should be made on facts and figures.
The questions you need to ask have nothing to do with gambling.
They are...
Do you want to be assigned those shares?
Does your analysis say the stock is going to go up, down or sideways. This question should answer the one above it.
In essence, if assigned, you are getting the stock at $30 less $4.45 so $25.55. If the stock goes up from here you are making money. If it goes down you are losing money. At this second its at $25.40 so you are losing 15 cents a share plus commission.
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Wingz
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TRIT short seller letter.
edit: I can't find anything "new" that wasn't disclosed back in the beginning.
I didn't sell when it was up, bought some more to average down today. May be a bad call but I think in the long run it'll pay off.
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Sanrith Descartes
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Sanrith Descartes
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My gut says the last 15 minutes of the day this thing is going to go straight up or straight down.
Sanrith Descartes
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Well Like I said I was bitter over LAZR shooting past my 30 sell point and leaving me behind, so decided to wish them ill with put power.
I just need shitron to launch one more attack between now and tomorrow 4pm..
Sanrith Descartes
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At least you are close to profitability, unlike me and TRIT at the moment.Well Like I said I was bitter over LAZR shooting past my 30 sell point and leaving me behind, so decided to wish them ill with put power.