Who's Zoomin Who?
Summary
- Last week I decided to play with ZM for a quick earnings windfall.
- HAHAHHAHAHAHAHAHAHAHHAAH!
- HAHAHHAHAHAHAHAHAHAHHAAH!
So check out this puppy:
What did I do? (start at the bottom)
I mean that initial $340.00 Call / $287.50 Put strangle was pretty safe when it was ~$310.00ish - right?
Sigh.
So lots of clicking this week.
Where did I end up on Friday?
So clearly I'm stuck in this "hole" until January, or it crashes back to earth and I can close out those calls for $0.01.
How much am I into it for?
How much have I collected in premiums so far?
So what's $37,158.08 / $46,879.65?
79.26%
Not too shabby for a bad guess.
Of course I've got nothing to do with this position till October, but I'm not crying (yet) since I was not called Monday night when it was in AH Nirvana. The guy who's cryin was the fool that bought at $478.00 on Tuesday, and you know who you are.
Yes, you're this guy:
YRMV
Analyst's Disclosure: I am/we are long EVERYTHING.
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