Seeking Alpha
  • Ocean Man
    Just sold the last of my TIBX calls at 650 for an 86% overnight gain. Stock went from 20 to 24.25 noon to noon.
    12/22/11
    Reply (8)
    • Ocean Man: I buy the DITMs to reduce risk and premium, so I hit the 17.50s, but the 21s would have returned 400% overnight.
      12/22/11
    • humahuaca: very nice. Except until hearing that I was happy about my portfolio gain of 1%, lol.
      12/22/11
    • Financial Insights: Nice.
      12/22/11
    • humahuaca: I always buy DITM s too. I am cheap and hate paying premiums. I sell a lot of premiums though, and even timing those really poorly I still
      12/22/11
    • humahuaca: seem to do ok. Just such a huge margin for error when you are getting selling OOTM plus a 3% premium. You have to be really wrong to lose.
      12/22/11
    • Ocean Man: LOL Yes the premiums are great when you're the seller!
      12/22/11
    • humahuaca: selling options has not been the brightest move last few months, due to the extreme volatility, but I keep getting sucked in by those fat
      12/22/11
    • humahuaca: premiums, lol. Now I am not selling 1 tenth of what i used to, and mkts will probably sit tight for next few months, sigh.
      12/22/11