MARY4MONEY
806 posts
msg #77732
- Ignore MARY4MONEY |
8/20/2009 3:34:08 PM
buy the sept 5 calls for c for 0.22 now c just broke above the 200 ma for the first time in 11 months today at 4.28--you also want to buy the etfc 2 calls for 0.05-- look on mffais.com-to see instituional buying plus insdier buying- you want recent buying strentgh- 300 million of etfc bought in aug out of no where- some instituions have bought 4000-20000% abovr what they had in july-- also massive buying on bac ctic and c-- you dont want - i have 124000 contracts at average price<0.07 on the sept calls- they reason i got in is because the big option players reversed their strategy 8 days ago- you likel;y noticed c hung 2.50-4$ for the last 4 months and didnt go up with the other banks- the reason is because these big option players who control the market were selling the calls and buying the puts- now they have reversed and now they are buying the calls and selling the puts--here is my gain today on those c sept 5 calls-they willlikely go >1$ before exp--C Sep 09 5.00 Call 124000 $0.22 $2,666,000.04 $2,080,000.00 $586,000.04
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choymi8828
47 posts
msg #77735
- Ignore choymi8828 |
8/20/2009 4:21:15 PM
M4M,
1. The etfc 2 calls for .05 expire tomorrow. You mean we should buy the Sept calls ?
2. When do you expect etfc to spike up to $2.5 (first resistance) ? Do you have a target ?
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cello13
88 posts
msg #77767
- Ignore cello13 |
8/21/2009 2:21:57 AM
Have a look at the $2.50 for Jan 2010. They're @ 0.15. That gives you more time for a jump but decreases your profit. Another idea is the $2 Oct. for 0.10.
ETFC seems to have a lot of institutional buying lately. Huge block buys. Almost the same happend with BAC before the upwards move, but it took a few months...
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