Seeking Alpha
  • callseller
    Lost money on Feb AMZN short puts. Downgrade came right before expiration day.
    2/16/12
    Reply (6)
    • Rubenov: Yeah, lost about 5k playing AMZN option in Dec thinking it was about to recover; never again. Best to stay away from options on that stock
      2/16/12
    • callseller: Did you cover BIDU short puts? Earnings seems to be ok. I was short on just 1 BIDU Feb 130 put on a small account.
      2/16/12
    • Rubenov: I covered a while back. I actually thought they were reporting earnings earlier and closed them. Opened one or two later but nothing big.
      2/16/12
    • Rubenov: I'm trying to get 200 shares called away tomorrow @140... been carrying them for a while and want to get rid of all my stocks.
      2/16/12
    • Rubenov: Options only from now on.
      2/16/12
    • callseller: 140 looks hard for today but possible. Other way to escape was to sell BIDU stock at 140 and covered the calls later..
      2/17/12