Probably on purpose, there are good things and bad things about buying it ITM. The delta is higher if it's ITM so you'll see it respond faster to changes in price. The downsides are that ITM options are more expensive and lower your overall leverage.
Can't bring myself to do this one at that price and that much ITM. Even the slightest kick down and that position will take a hammering. Just my two cents. Plus, I frickin' hate FB. Even if there is money to be made with the trade. But I wish everyone else good luck with this.
That's a good call with the Fed pumping going on. The only thing I see on the outside edges
right now is as per you Gregg, you say we don't have a China deal, we have Gerald Celente
advising the markets will eventually come way down, now we have the Trump Administration
via Secretary State Pompeo stating they will be ratcheting up the sanctions on IRAN because
they such terrorists because they shot down an airliner the same time the US was snuffing
Solemani the Iranian General in Iraq in the house of out supposed allies in the Middle
East. I think the US also shot down an airliner in past history so are we all terrorists under
this criteria of terrorists? No, this is again the plan to gin up a Middle East confrontation
that benefits no one economically nor politically and ends up with the US with less and less
international support and allies at a time when we need as many as we can keep and add
in all this maelstrom inclusive of the economic situation. So, you do major military operations
in the China Sea and then you whack the hornet's and bee hives in the Middle East to start
what my investor friends? Wars and rumors of wars as the Armegeddon wishers and believers
want to cause or at least exacerbate in each move forwards. I would suggest to Libertarians,
Republicans and Democrats, etc. in the US it would be very wise to rather than rattle sabers,
etc. to use diplomacy and negotiations in each and every way possible. Mr. Pompeo says he
has and exhausted each avenue but I would suggest this is not true as Pompeo has lied and
lied in each case and even bragged about his ability to lie to anyone and everyone to West
Point Cadets. That takes some type of character that no West Point Graduate should perpetuate
in each speech and breadth he makes or takes. As this goes forward, ask yourselves what rudimentary plan has the US initiated both internationally or domestically that provides better
jobs, more jobs and opportunity and less war making and war production? Zero folks, just the
Fed pumping cash into the system via the banks, the hedge funds, etc. but it's like a clown
balloon which eventually pops and the clown balloon finally rests on the ground deflated
and people who were so fixated on it now don't have a clue what do. Let's make an American
Plan for peaceful domestic infrastructure and production, negotiate in good faith abroad while
still carrying a big stick in all always trying to deliver peace and prosperity both here and abroad.
I don't know about you, but I like selling things to people to buy and enjoy or providing a service
rather than bombing folks. We have to be the future and the difference not separated but historically and dramatically unified as a Nation and a People which equals indivisible and
A little rich for my blood but almost a guaranteed win.
260 Gregory?
Thanks Greg, I was watching the candle sticks trying to see the right time to buy when the email came in.
Quite a bit ITM. Is this on purpose or an error?
Probably on purpose, there are good things and bad things about buying it ITM. The delta is higher if it's ITM so you'll see it respond faster to changes in price. The downsides are that ITM options are more expensive and lower your overall leverage.
Thanks
Too expensive for me - I went for the Dec 260 instead.
Can't bring myself to do this one at that price and that much ITM. Even the slightest kick down and that position will take a hammering. Just my two cents. Plus, I frickin' hate FB. Even if there is money to be made with the trade. But I wish everyone else good luck with this.
instead of “NEW position” maybe write the time in there so don’t keep clicking on it , just a suggestion
That's a good call with the Fed pumping going on. The only thing I see on the outside edges
right now is as per you Gregg, you say we don't have a China deal, we have Gerald Celente
advising the markets will eventually come way down, now we have the Trump Administration
via Secretary State Pompeo stating they will be ratcheting up the sanctions on IRAN because
they such terrorists because they shot down an airliner the same time the US was snuffing
Solemani the Iranian General in Iraq in the house of out supposed allies in the Middle
East. I think the US also shot down an airliner in past history so are we all terrorists under
this criteria of terrorists? No, this is again the plan to gin up a Middle East confrontation
that benefits no one economically nor politically and ends up with the US with less and less
international support and allies at a time when we need as many as we can keep and add
in all this maelstrom inclusive of the economic situation. So, you do major military operations
in the China Sea and then you whack the hornet's and bee hives in the Middle East to start
what my investor friends? Wars and rumors of wars as the Armegeddon wishers and believers
want to cause or at least exacerbate in each move forwards. I would suggest to Libertarians,
Republicans and Democrats, etc. in the US it would be very wise to rather than rattle sabers,
etc. to use diplomacy and negotiations in each and every way possible. Mr. Pompeo says he
has and exhausted each avenue but I would suggest this is not true as Pompeo has lied and
lied in each case and even bragged about his ability to lie to anyone and everyone to West
Point Cadets. That takes some type of character that no West Point Graduate should perpetuate
in each speech and breadth he makes or takes. As this goes forward, ask yourselves what rudimentary plan has the US initiated both internationally or domestically that provides better
jobs, more jobs and opportunity and less war making and war production? Zero folks, just the
Fed pumping cash into the system via the banks, the hedge funds, etc. but it's like a clown
balloon which eventually pops and the clown balloon finally rests on the ground deflated
and people who were so fixated on it now don't have a clue what do. Let's make an American
Plan for peaceful domestic infrastructure and production, negotiate in good faith abroad while
still carrying a big stick in all always trying to deliver peace and prosperity both here and abroad.
I don't know about you, but I like selling things to people to buy and enjoy or providing a service
rather than bombing folks. We have to be the future and the difference not separated but historically and dramatically unified as a Nation and a People which equals indivisible and
equal in all the right ways.