Seeking Alpha
  • Ashraf Eassa
    Bought some $38 February 16 puts on $ARMH today for $0.50/contract. Lotto ticket that could pay off big.
    1/25/13
    Reply (8)
    • blackswans: Gotta love those premiums.
      1/25/13
    • logistics: Is it $0.50 per stock or for 100 shares? really being following your excitement over shorts..
      1/25/13
    • Ashraf Eassa: $0.50/share, so a 100 share contract cost me $50 ( + $10 in commissions + $0.75 for the option)
      1/25/13
    • logistics: thanks, I met options not shorts in original post.
      1/25/13
    • Albert Alfonso: for such a short-term put, that seems pretty pricey. nearly 2% of the stock and you'll need it to fall 10%
      1/26/13
    • ksriniv: I was thinking the same. Do you expect to see this drop so much?
      1/27/13
    • vandeley: It's not that much, it's just over 1% of the stock price and you have the option through earnngs
      1/30/13
    • blackswans: Not really vandeley... the stock has to close under $37.50 for Ashraf to breakeven/make money.
      2/2/13