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Looking at HAL for calls

Posted on 3/10/20 at 9:49 am
Posted by Jjdoc
Cali
Member since Mar 2016
53536 posts
Posted on 3/10/20 at 9:49 am
Less than a month ago it was at $21, today $8 due to SA and Russia and CV.

I'm looking at 2021 and 2022 calls close to money They are cheap right now. If you purchase to pre levels in 2022 well below $1


Posted by MrJimBeam
Member since Apr 2009
12451 posts
Posted on 3/10/20 at 9:56 am to
HAL is a shitty company. I don't think I could ever invest in them with hearing stories of numerous friends and family that have worked there in recent years.
Posted by Jjdoc
Cali
Member since Mar 2016
53536 posts
Posted on 3/10/20 at 10:03 am to
quote:

HAL is a shitty company


Ok.

quote:

don't think I could ever invest in them with hearing stories of numerous friends and family that have worked there in recent years.


You do you.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11289 posts
Posted on 3/10/20 at 10:28 am to
RIP to your premium. You are buying on a bull trap day. Maybe wait a while?
Posted by Jjdoc
Cali
Member since Mar 2016
53536 posts
Posted on 3/10/20 at 10:33 am to
quote:

RIP to your premium. You are buying on a bull trap day. Maybe wait a while?




I ended up purchasing stock. In at 7.72.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11289 posts
Posted on 3/10/20 at 10:45 am to
I mean you have balls I'll give you that. The CDS prices didn't change much overnight so who knows. I just know that they are very overleveraged, their balance sheet is deteriorating and the operating environment is not ideal for an oil services company so dependent on the upstream production. But hey I always like a good fade.
Posted by Jjdoc
Cali
Member since Mar 2016
53536 posts
Posted on 3/10/20 at 12:03 pm to


I made enough so far to buy a 6 pack! LOL!!!


Nah.. I'm up 5% right now.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12581 posts
Posted on 3/10/20 at 1:51 pm to
I was also looking at some leaps this morning.. I did buy the april/jan 2021 $10 call calendars. we'll see what happens.
Posted by Jjdoc
Cali
Member since Mar 2016
53536 posts
Posted on 3/10/20 at 2:10 pm to
I ended up going with stocks.

I'm up 10% and the equals $$$.


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