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re: Visa getting roughed up today?

Posted on 8/2/13 at 10:59 am to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89790 posts
Posted on 8/2/13 at 10:59 am to
quote:

I sold some visa ones at $185 for next week while at $175 yesterday, they were $11.80 and I closed them this morning under $6 for $5/share profit


The $190s are going for about that now.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 8/2/13 at 11:00 am to
Bingo price went from $175 to $183

fwiw you can be conservative and sell the puts a month out for a discount to todays price and still make over 20%/year but I'm pretty ballsy and i've got the capital to cover my errors should they happen but Im literally making around 2%/week these last few weeks. Granted I know this is only happening bc the entire market is roaring and not bc im some kind of guru, but I do understand what's going on and in the event of a correction they're shares i don't mind holding at the specified price I sold the put at.
This post was edited on 8/2/13 at 11:08 am
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