Vancouver Posted September 24, 2014 Posted September 24, 2014 CMG reports on October 20. I know it is VERY early but I bought a 4-week calendar P660 (long Nov 22, short Oct 24) @ $2.75 and $2.80 today. The price is just too cheap. For example, in April, when the stock was 15% lower ($570), we paid $3.90-$4.00 for the same 4 week put spread. This translates to $4.50-$4.60 for the spread. Clearly, the risk of a large move in CMG exists, but buying the spread on such a discount makes a good risk-return trade off in my opinion. Time will tell... 3 Quote
Optrader Posted September 24, 2014 Posted September 24, 2014 I was watching. Did the NOV just started trading today ? Quote
Optrader Posted September 24, 2014 Posted September 24, 2014 With stock potential to move +- 30-40 points. Do you think a Triple calendar can absorb all the price changes as well as the low price on all three ? Quote
Optrader Posted September 29, 2014 Posted September 29, 2014 Your prices are .5 % of the cost . It is cheaper than NFLX . I have put a GTC order. It should get filled in few days. Quote
Vancouver Posted October 10, 2014 Author Posted October 10, 2014 Closed the spread at $4.00 (entered at $2.75 and $2.80). Maybe the spread has more room to run, but I'm happy to collect gains. Held it for 2 weeks and 2 days. Again, seems like playing the spreads early can work as well. A note for the next cycle. Quote
tjlocke99 Posted October 10, 2014 Posted October 10, 2014 Thanks for the feedback. Any other early spreads you are looking at? Quote
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