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Message
re: Official Erin Energy (ERN) thread
Posted on 11/17/15 at 3:37 pm to Iowa Golfer
Posted on 11/17/15 at 3:37 pm to Iowa Golfer
quote:
November $5 calls make a compelling trade. I would think a Nov $5 net credit spread, or synthetic long is also a reasonable speculative play at this point. I did both today.
You must be taking a bath on this....
1
Posted on 11/17/15 at 8:27 pm to whodatigahbait
I sold 5 dollar puts for 91 cents. It's not going to be that bad. I'm waiting to see if the put buyer wants to put the shares to me. Last minute cat and mouse thing. Not sure what I'll do yet, but I'm guessing the buyer doesn't have the money to put the shares to me, and I can buy to close for a smallish loss.
Paid a nickel for the calls, so that's not a huge loss either.
Or I might let the buyer put the shares to me for a net share price of 4.01.
Don't know yet, but you're right, it didn't work out the best.
Paid a nickel for the calls, so that's not a huge loss either.
Or I might let the buyer put the shares to me for a net share price of 4.01.
Don't know yet, but you're right, it didn't work out the best.
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