ETFC Jan 2010 $5 calls

MrSer · 01-08-2008, 10:52 PM

I'm a fairly new trader and i was looking at ETFC. I think this stock is good pick at the moment and is tremendously undervalued. I also was looking for the Jan 2010 5.00$ call at .80 cents a contract. I'm not going to be risking a lot just the extra money i have from working weekends approximately 1000$. What are your guys views on this? If my mind changes most likely i will be putting puts on some stocks in the financial sector as i think it will turn around during mid 08. Hopefully you guys can help me out here, thanks!

~MrSer

aiki14 · 01-08-2008, 11:14 PM

Quote:

Originally Posted by MrSer

I'm a fairly new trader and i was looking at ETFC. I think this stock is good pick at the moment and is tremendously undervalued. I also was looking for the Jan 2010 5.00$ call at .80 cents a contract. I'm not going to be risking a lot just the extra money i have from working weekends approximately 1000$. What are your guys views on this? If my mind changes most likely i will be putting puts on some stocks in the financial sector as i think it will turn around during mid 08. Hopefully you guys can help me out here, thanks!

~MrSer

I am showing those calls at .90 by 1.00, still, I would say they are a reasonable speculation.

MrSer · 01-08-2008, 11:18 PM

Quote:

Originally Posted by aiki14

I am showing those calls at .90 by 1.00, still, I would say they are a reasonable speculation.

I except them to drop a little bit tomorrow hopefully i can nab some at .80 each think this is a good deal? You don't know how much other peoples thoughts matter to me.

MrSer · 01-09-2008, 04:07 PM

went in with the jan 2010 7.50 $ call at .60 cents. Hopefully it will give me some profit. Cross my fingers this was a big gamble.

wallstreetsedge · 01-09-2008, 04:39 PM

its a 2.50 difference for calls that are 20¢ different, why would you wanna go with the further out strike price? if i wanted to go long on etfc - even though i dont liek it, i would have said go with stock and sell calls against it or just create a spread.. buy the 2010's and everyvmonth sell calls against your position

MrSer · 01-09-2008, 05:06 PM

Was a 60 cent difference at the time that i brought it. 7.50$ was .60 and 5.00 was 1.20. Well its at .65 by .75 at the close so i got a little under 10% if i would of sold. Hopefully the weeks to come will be good to e-trade.

wallstreetsedge · 01-10-2008, 09:34 AM

jghly doubt it... were only at the beginning of this subprime mess... even capital one announced today that defaults are getting bigger than recently anticipated

plus you wanted this for a longer term hold right?

MrSer · 01-10-2008, 10:59 AM

Quote:

Originally Posted by kthomllc

jghly doubt it... were only at the beginning of this subprime mess... even capital one announced today that defaults are getting bigger than recently anticipated

plus you wanted this for a longer term hold right?

Yes i did want it for a long term hold.

MrSer · 01-10-2008, 05:44 PM

Some major luck on my side. If their earnings report is good on the 24th this thing could be in the double digits. I highly doubt that. At least today was a good day. +22%.

MrSer · 01-11-2008, 03:40 PM

Hahaha thank you lord. brought 100 contracts at .60 eac. Now they are .95.

01-08-2008, 10:52 PM	#1
MrSer valued contributor weekly challenge winner 3x Join Date: Jan 2008 Posts: 451	ETFC Jan 2010 $5 calls I'm a fairly new trader and i was looking at ETFC. I think this stock is good pick at the moment and is tremendously undervalued. I also was looking for the Jan 2010 5.00$ call at .80 cents a contract. I'm not going to be risking a lot just the extra money i have from working weekends approximately 1000$. What are your guys views on this? If my mind changes most likely i will be putting puts on some stocks in the financial sector as i think it will turn around during mid 08. Hopefully you guys can help me out here, thanks! ~MrSer

01-09-2008, 04:07 PM	#4
MrSer valued contributor weekly challenge winner 3x Join Date: Jan 2008 Posts: 451	Re: ETFC Jan 2010 5.00$ call went in with the jan 2010 7.50 $ call at .60 cents. Hopefully it will give me some profit. Cross my fingers this was a big gamble.

01-09-2008, 04:39 PM	#5
wallstreetsedge forum leader weekly challenge winner 2x Join Date: Dec 2007 Location: NYSE Posts: 1,632	Re: ETFC Jan 2010 5.00$ call its a 2.50 difference for calls that are 20¢ different, why would you wanna go with the further out strike price? if i wanted to go long on etfc - even though i dont liek it, i would have said go with stock and sell calls against it or just create a spread.. buy the 2010's and everyvmonth sell calls against your position

01-09-2008, 05:06 PM	#6
MrSer valued contributor weekly challenge winner 3x Join Date: Jan 2008 Posts: 451	Re: ETFC Jan 2010 5.00$ call Was a 60 cent difference at the time that i brought it. 7.50$ was .60 and 5.00 was 1.20. Well its at .65 by .75 at the close so i got a little under 10% if i would of sold. Hopefully the weeks to come will be good to e-trade.

01-10-2008, 09:34 AM	#7
wallstreetsedge forum leader weekly challenge winner 2x Join Date: Dec 2007 Location: NYSE Posts: 1,632	Re: ETFC Jan 2010 5.00$ call jghly doubt it... were only at the beginning of this subprime mess... even capital one announced today that defaults are getting bigger than recently anticipated plus you wanted this for a longer term hold right?

01-10-2008, 05:44 PM	#9
MrSer valued contributor weekly challenge winner 3x Join Date: Jan 2008 Posts: 451	Re: ETFC Jan 2010 5.00$ call Some major luck on my side. If their earnings report is good on the 24th this thing could be in the double digits. I highly doubt that. At least today was a good day. +22%.

01-11-2008, 03:40 PM	#10
MrSer valued contributor weekly challenge winner 3x Join Date: Jan 2008 Posts: 451	Re: ETFC Jan 2010 5.00$ call Hahaha thank you lord. brought 100 contracts at .60 eac. Now they are .95.

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