OPEN: GE bull put spread +.30

Comments:

1. Mojo hey
   
   Looking at Thinkorswim it looks like at Monday open,, depending upon the action a 32/31 BPS might bring .33 or if the stock is up a bit maybe ..28
   
   Math here looks like minimum of ..28/.72 or 38.8% if all expires worthless
   
   Yes it's speculative but I just may take 5 or 10 x
   After hours Friday shows the GE at 32.20 or so . If th e trade gets to be less than a .25 credit Ill pass although the short delta will be smaller
   
   Sailorguy      by sailorguy
   
2. Quote:

   Originally Posted by sailorguy Mojo hey Looking at Thinkorswim it looks like at Monday open,, depending upon the action a 32/31 BPS might bring .33 or if the stock is up a bit maybe ..28 Math here looks like minimum of ..28/.72 or 38.8% if all expires worthless Yes it's speculative but I just may take 5 or 10 x After hours Friday shows the GE at 32.20 or so . If th e trade gets to be less than a .25 credit Ill pass although the short delta will be smaller Sailorguy

   Filled on GE 31/32 Bull put spread at .25 Monday early
   
   The underlying is twitching tantalizingly at almost 32, I would be happier if it gained a few cents to 32.50 or so      by sailorguy
   
3. GE closed Tues at 31.98 and is up a few pennies after hours. Lets see a small uptrend tomorrow please. High 32s would make my lunch go down better. If it goes down Wed afternoon or Thurs Am, Ill likely bail with a small loss.
   
   I do not expect this though. I suppose various broker opinions will have an effect. Some analyist needs to see this as a buy oppty      by sailorguy
   
4. bought back the short 32 put at 10 am Fri ,(no commissoion at TOS ) with GE at 32.36 and trending down. Leaves me with a profit of 25.5 % since Monday/ Happy enough. A look at the rest of the day's action shows it would have expired OTM. Even so a wise man from OIC said "buy back risk",,and I did just that.
   Thanks MOJO for posting this suggested trade . How did yo u do ??      by sailorguy
   
5. Quote:

   Originally Posted by sailorguy bought back the short 32 put at 10 am Fri ,(no commissoion at TOS ) with GE at 32.36 and trending down. Leaves me with a profit of 25.5 % since Monday/ Happy enough. A look at the rest of the day's action shows it would have expired OTM. Even so a wise man from OIC said "buy back risk",,and I did just that. Thanks MOJO for posting this suggested trade . How did yo u do ??

   Absolutely the correct attitude.
   
   Always enjoy the profits taken, never regret the profits left on the table.
   
   If you're leaving profits on the table, that means you're making money consistently and keeping your risks manageable.      by Karl K