Post by cosmic on Sept 15, 2010 10:49:19 GMT -5
As a glutton for punishment, I opened a single call on ARNA as they head into FDA panel.
Yeah, big spender lol. I purchased 1 Oct $1 Call for $3.00.
It's deep ITM and does not have decay, leverage is low, and the argument could be made to just purchase the shares... however I chose to do it this way so we'll see what happens.
Recap:
Still holding MPG
Still holding SPY Puts
Still holding TDGI
Now holding ARNA
Yeah, big spender lol. I purchased 1 Oct $1 Call for $3.00.
It's deep ITM and does not have decay, leverage is low, and the argument could be made to just purchase the shares... however I chose to do it this way so we'll see what happens.
Recap:
Still holding MPG
Still holding SPY Puts
Still holding TDGI
Now holding ARNA