MOT
- Thread starter dawgball
- Start date
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
I think this option play is a strong buy right now. Te over-reaction to the numbers (which were actually good) has made this stock and thus its options cheap. I see a big gain for Motorola from the current number of $22.50 over the next six months. I think it will hit $25 as a stock in the next 3-4 months.
But as of right now, i am down about 25% on this trade.
But as of right now, i am down about 25% on this trade.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
Sold today to get out of this trade. I feel that it could go a little higher before expiration but wanted to free up the capital for winners.
Option Symbol: .MOTDD (April 2006 20 Call)
Underlying Stock: MOT
Price: $2.05
Current Stock Price: $22.37
Profit/Loss: (41%) -- OUCH
Option Symbol: .MOTDD (April 2006 20 Call)
Underlying Stock: MOT
Price: $2.05
Current Stock Price: $22.37
Profit/Loss: (41%) -- OUCH
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
Not sure why I posted 2.05. I was thinking about the 41% and realized that I didn't lose that much (even though my math was wrong above and 2.05 would have represented a 51% loss not 41%). Went back to my confirmation email to see that the trade was SO much better.
Option Symbol: .MOTDD (April 2006 20 Call)
Underlying Stock: MOT
Price: $2.55
Current Stock Price: $22.37
Profit/Loss: (39%) -- OUCH
Not really sure why I fel that I needed to post either of these last two, but I thought I would own up to my losers.
Option Symbol: .MOTDD (April 2006 20 Call)
Underlying Stock: MOT
Price: $2.55
Current Stock Price: $22.37
Profit/Loss: (39%) -- OUCH
Not really sure why I fel that I needed to post either of these last two, but I thought I would own up to my losers.
Dawgball, it is good to post updates on trades.
always learn far more from the ones that do not work out. last year was a great year for optons and this one year is also looking good. well so far.
however the first simple option I sold did not quite work out. bought CIBC (CM) (Cdn. Bank) was scared of a bear market..so sold a covered call for $1.50
anyways the stock almost doubled and the option went as high as $10, closed out at $8.50. though I made 25% in 5 months left a great deal on the table.
thanks
selkirk
always learn far more from the ones that do not work out. last year was a great year for optons and this one year is also looking good. well so far.
however the first simple option I sold did not quite work out. bought CIBC (CM) (Cdn. Bank) was scared of a bear market..so sold a covered call for $1.50
anyways the stock almost doubled and the option went as high as $10, closed out at $8.50. though I made 25% in 5 months left a great deal on the table.
thanks
selkirk
