Bough one call for ung for Apr 2009. Strike price $35. Bought for $5 each(i.e. $500 total).
I have a buy order for tso as well.
Symbol -TSOBD
Description CALL (TSO) TESORO CORP COM FEB 20 (100 SHS)
Order Type Limit at $2.20
I was thinking of buying it at market price but I have decided not to chase stock prices and wait for the dip. I have lost a lot of money chasing stocks.(thanks to the tip I found on BlueDog's website).
Ex Dividend Stocks for April 2022
2 years ago
2 comments:
Good luck with your calls. To hedge you may want to sell some calls at a higher strike (vertical spread). Also, UNG should work (seasonality) by Dec., so I would focus on Jan 2010 calls versus anything later. That's just me, though. I'm ahead on my UNG calls (buy Jan'10 $33, sell $38's). I hope we get a cold, cold winter.
Cheers,
BD
Thanks BD. I am going to play these calls for a very short term time - 1 to 3 days except for ung. I don't have securities to sell the calls against! Thanks for the advice - Jan 2010 sounds better than Jan 2009 - I just didn't have more money to buy more expensive calls...I will focus on Jan 2010 as soon as I get rid of some of my positions.
Amen for the ice-cold winter :).
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