Vancouver 54 Report post 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 jegle1, tjlocke99 and bam1960 reacted to this Share this post Link to post Share on other sites
Optrader 118 Report post Posted September 24, 2014 I was watching. Did the NOV just started trading today ? Share this post Link to post Share on other sites
Vancouver 54 Report post Posted September 24, 2014 Yesterday or Monday. Share this post Link to post Share on other sites
Optrader 118 Report post 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 ? Share this post Link to post Share on other sites
Optrader 118 Report post 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. Share this post Link to post Share on other sites
Vancouver 54 Report post 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. Share this post Link to post Share on other sites
tjlocke99 18 Report post Posted October 10, 2014 Thanks for the feedback. Any other early spreads you are looking at? Share this post Link to post Share on other sites
