Order to Buy 50 GE Jan 18 '19 $14 Calls Executed @ $0.02 each.
11/16/2018, 9:39:12 AM
Total Trade with Fees about $130 bux.
GE Possibilities:
1. Retest the swing low of $5.73 per share of 02 March 2009. Calls above would be at $0.01 cent or less... At which time I will likely buy 100 More Calls for June timeframe next year to give new CEO Culp 3 full quarters to see results with his turnaround plan for GE and implementation of TPS systems.
2. GE Files bankruptcy to Reorganize [debts] and wipes out all common shareholders and shares and calls become worthless.
3. GE is bought by a Top 100 Federal Prime Contractor and absorbed - at a small premium over current share prices and Calls pop up a bit.
Obviously, 1 would be most profitable (5X to 10X+ by June 2019). Scenario 2 is a disaster - total wipeout so small positions only. And 3 could be a decent 2X to 5X pop depending upon premium paid.
As the Russians love to say "You must take risks if you want to Drink Champagne Dahlinks!"
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.
11/16/2018, 9:39:12 AM
Total Trade with Fees about $130 bux.
GE Possibilities:
1. Retest the swing low of $5.73 per share of 02 March 2009. Calls above would be at $0.01 cent or less... At which time I will likely buy 100 More Calls for June timeframe next year to give new CEO Culp 3 full quarters to see results with his turnaround plan for GE and implementation of TPS systems.
2. GE Files bankruptcy to Reorganize [debts] and wipes out all common shareholders and shares and calls become worthless.
3. GE is bought by a Top 100 Federal Prime Contractor and absorbed - at a small premium over current share prices and Calls pop up a bit.
Obviously, 1 would be most profitable (5X to 10X+ by June 2019). Scenario 2 is a disaster - total wipeout so small positions only. And 3 could be a decent 2X to 5X pop depending upon premium paid.
As the Russians love to say "You must take risks if you want to Drink Champagne Dahlinks!"
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and is mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.