TRYKtrading
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ok, so any options traders out there, i want you to look at CELG and tell me if you agree with my assessment, and the consensus assessments of ever single brokerage covering this stock, that it's hitting 70 within the next quarter.
but trading it is a bitch, options wise, damn stock goes sideways for 10 straight days and only today, the day before october expiration, my 57.5C are near worthless when a week ago they were intrinsic to +300% if the stock went to where it is today.
all i was calculating was a 300% rise, to $1.50, if the stock made it to 57.50 a week before expiration.
today, it might make .10 if i'm lucky, otherwise they're complete write off.
my guess, and expectation is next week earnings report comes out, stock breaks 60, and i'm left with egg on my face for having been dead right on the stock, a total screwup trading the options on it.
i'm considering going into the nov57.5s, but not until tomorow.
i will kick myself in the nuts if i blow this trade.
but trading it is a bitch, options wise, damn stock goes sideways for 10 straight days and only today, the day before october expiration, my 57.5C are near worthless when a week ago they were intrinsic to +300% if the stock went to where it is today.
all i was calculating was a 300% rise, to $1.50, if the stock made it to 57.50 a week before expiration.
today, it might make .10 if i'm lucky, otherwise they're complete write off.
my guess, and expectation is next week earnings report comes out, stock breaks 60, and i'm left with egg on my face for having been dead right on the stock, a total screwup trading the options on it.
i'm considering going into the nov57.5s, but not until tomorow.
i will kick myself in the nuts if i blow this trade.
