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re: Official Erin Energy (ERN) thread
Posted on 6/3/15 at 6:03 pm to jlu03
Posted on 6/3/15 at 6:03 pm to jlu03
What's RA'd?
Nice $7.50 put play today for $1.20 and $1.15. Collect a decent return, or get shares put to you at $6.30/$6.35.
It could be trading below $6.30 I guess, but would anyone mind shares being put to them at this entry price? There could be an explosion, ERN could go broke, and you'd have to pay $630 for 100 shares of worthless stock. That's possible I guess.
$120 return on $750 cash unavailable in 60 days. I'm sure there is a bank somewhere paying this rate of return? Total risk, $630. percentage return, pretty darn big.
Someone bought 30 puts today. I sold them. I either sold them insurance, or I sold them a cheap way for them to short ERN. Either way, I sold, and I collect his money. Maximum loss is reasonable and capped, decent reward.
Nice $7.50 put play today for $1.20 and $1.15. Collect a decent return, or get shares put to you at $6.30/$6.35.
It could be trading below $6.30 I guess, but would anyone mind shares being put to them at this entry price? There could be an explosion, ERN could go broke, and you'd have to pay $630 for 100 shares of worthless stock. That's possible I guess.
$120 return on $750 cash unavailable in 60 days. I'm sure there is a bank somewhere paying this rate of return? Total risk, $630. percentage return, pretty darn big.
Someone bought 30 puts today. I sold them. I either sold them insurance, or I sold them a cheap way for them to short ERN. Either way, I sold, and I collect his money. Maximum loss is reasonable and capped, decent reward.
2
Posted on 6/3/15 at 6:05 pm to Iowa Golfer
Posted on 6/3/15 at 8:54 pm to Iowa Golfer
quote:
What's RA'd?
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