Hold on to your Shorts!
- stevenplace
- November 14th, 2008
Yep, I’m still around. I’m working on a top-secret underground project, and the videos should be back hopefully on Monday.
And to give you some satisfaction, here’s a play:
A whale came out in TXN and sold 2100 Jan 10 25 strangles at about 10.60. GREAT play for long term. you’re profitable between 14 and 36. Owning TXN at 14 is a decent value and there’s little chance that the stock will double to 36 in 13 months. Max gain is around the 25 strike.
So the whale has a max profit of 2.2 million dollars.
This one’s a table thumper.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Tickers: txn
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InvestingWithOptions was created with one goal in mind: to make you a better options trader. Steve Place is the Founder and Head Trader at IWO. Want to learn more? Start Here.
