Buying put options on BP - good idea??? - GoFuckYourself.com

TheStout · 05-18-2010, 10:12 AM

What do you guys think?

August 16 strike price of $45.

$355 (100 shares)

Its at $46.11 now

Thoughts???

Barefootsies · 05-18-2010, 10:15 AM

Do you have a link or something?

I have not heard about this.

TheStout · 05-18-2010, 10:17 AM

Quote:

Originally Posted by Barefootsies

Do you have a link or something?

I have not heard about this.

lol what?

Do I have a link to the info I just laid out? no I dont. You have not heard about what exactly? The ability to purchase put options? Or is this just your new "See Sig" system. Very creative.

TheStout · 05-18-2010, 10:18 AM

but for those that might have some opinions

http://online.wsj.com/quotes/options...news-symbol=BP

Why · 05-18-2010, 10:24 AM

id say its a pretty sure bet!

Barefootsies · 05-18-2010, 10:27 AM

Quote:

Originally Posted by TheStout

http://online.wsj.com/quotes/options...news-symbol=BP

Thanks champ.

woj · 05-18-2010, 10:34 AM

they've been hit hard as is, what makes you think they will sink even more? If anything I would buy some calls, lol

Karupted Charles · 05-18-2010, 10:36 AM

The stock is already trading down on the bad news its way late for this. Its been a long time since i messed with puts but I believe your exposure if it goes way up is equal to an uncovered call is it not?

TheStout · 05-18-2010, 10:36 AM

Quote:

Originally Posted by woj

they've been hit hard as is, what makes you think they will sink even more? If anything I would buy some calls, lol

Maybe this thread is 3 weeks late then.

~Ray · 05-18-2010, 10:38 AM

when they begin using the word "stabalize" then it's time to buy.

LoveSandra · 05-18-2010, 11:15 AM

Quote:

Originally Posted by TheStout

but for those that might have some opinions

http://online.wsj.com/quotes/options...news-symbol=BP

L-Pink · 05-18-2010, 11:18 AM

Sounds like a great way to lose your ass.

.

TheStout · 05-18-2010, 11:30 AM

Quote:

Originally Posted by L-Pink

Sounds like a great way to lose your ass.

.

Why do you say that? I am banking that the price of the stock will drop a bit more.

The Demon · 05-18-2010, 11:33 AM

I wouldn't lay down put options just yet. If I were you though, I would hedge your bet and get calls and puts, 66% puts 33% calls to at least attempt to cover your ass.

SmokeyTheBear · 05-18-2010, 12:02 PM

i will post my comment mid august

TheStout · 05-18-2010, 12:15 PM

Quote:

Originally Posted by SmokeyTheBear

i will post my comment mid august

lol always a winner then

L-Pink · 05-18-2010, 12:20 PM

Quote:

Originally Posted by TheStout

Why do you say that? I am banking that the price of the stock will drop a bit more.

It will also rise as the price of oil goes up due to the "new shortage" they helped create.

Remember this is oil.

.

TheStout · 05-18-2010, 12:26 PM

Quote:

Originally Posted by L-Pink

It will also rise as the price of oil goes up due to the "new shortage" they helped create.

Remember this is oil.

.

Not all oil companies rise when the price of oil increases. There are many reasons why BP has fallen recently and they could slide more.

TheStout · 05-25-2010, 01:11 PM

Was down to $40 today. Rallying a bit with the rest of the market

TheStout · 06-10-2010, 08:53 AM

Ahhhhh,

Feels good $31.59 right now. Under $30 yesterday.

Marcus Aurelius · 06-10-2010, 08:58 AM

Quote:

Originally Posted by TheStout

Why do you say that? I am banking that the price of the stock will drop a bit more.

Sounds like you've already made up your mind.

Why ask for advise then?

bronco67 · 06-10-2010, 09:04 AM

I think they'll go bankrupt over this. Might be better to invest in a rival(or two).

TheStout · 06-10-2010, 09:13 AM

Quote:

Originally Posted by Marcus Aurelius

Sounds like you've already made up your mind.

Why ask for advise then?

My last post was more of a happy sigh of relief. I asked what people thought 3 weeks ago.

05-18-2010, 10:12 AM	#1
TheStout Confirmed User Join Date: Jul 2007 Posts: 2,089	Buying put options on BP - good idea??? What do you guys think? August 16 strike price of $45. $355 (100 shares) Its at $46.11 now Thoughts???

05-18-2010, 10:15 AM	#2
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Do you have a link or something? I have not heard about this. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

05-18-2010, 10:34 AM	#7
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	they've been hit hard as is, what makes you think they will sink even more? If anything I would buy some calls, lol __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-18-2010, 10:36 AM	#8
Karupted Charles Confirmed User Industry Role: Join Date: Jul 2001 Location: MI Posts: 1,662	The stock is already trading down on the bad news its way late for this. Its been a long time since i messed with puts but I believe your exposure if it goes way up is equal to an uncovered call is it not? __________________ TPF 2010 "They are eating our sausages!"

05-18-2010, 10:38 AM	#10
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	when they begin using the word "stabalize" then it's time to buy. __________________ Adult Backlinks for Adult Websites - Testimonials Available

05-18-2010, 10:18 AM	#4
TheStout Confirmed User Join Date: Jul 2007 Posts: 2,089	but for those that might have some opinions http://online.wsj.com/quotes/options...news-symbol=BP

05-18-2010, 10:24 AM	#5
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	id say its a pretty sure bet!

05-18-2010, 11:18 AM	#12
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Sounds like a great way to lose your ass. .

05-18-2010, 11:33 AM	#14
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	I wouldn't lay down put options just yet. If I were you though, I would hedge your bet and get calls and puts, 66% puts 33% calls to at least attempt to cover your ass. __________________ Greed is Good

05-18-2010, 12:02 PM	#15
SmokeyTheBear ►SouthOfHeaven Join Date: Jun 2004 Location: PlanetEarth MyBoardRank: GerbilMaster My-Penis-Size: extralarge MyWeapon: Computer Posts: 28,609	i will post my comment mid august __________________ hatisblack at yahoo.com

05-25-2010, 01:11 PM	#19
TheStout Confirmed User Join Date: Jul 2007 Posts: 2,089	Was down to $40 today. Rallying a bit with the rest of the market

06-10-2010, 08:53 AM	#20
TheStout Confirmed User Join Date: Jul 2007 Posts: 2,089	Ahhhhh, Feels good $31.59 right now. Under $30 yesterday.

06-10-2010, 09:04 AM	#22
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	I think they'll go bankrupt over this. Might be better to invest in a rival(or two). __________________ Last edited by bronco67; 06-10-2010 at 09:05 AM..