Author Topic: What are you buying today?  (Read 956702 times)

boilermaker75

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Re: What are you buying today?
« Reply #3030 on: June 11, 2018, 06:33:47 PM »
Thanks GFP, a week out is often a nice sweet spot!

Good trade.  I like BRK at 193.80 and I like $600...  Either way is nice.  Its great to sell these close dated options on a Friday (before holiday weekends are even better) - even though it's all supposed to be priced in, I find that once it becomes the week of expiry, people's appetite for allowing nice premium diminishes quickly.

Wrote 5 June 15 expiration 195 strike BRKB puts for $1.20 per share


boilermaker75

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Re: What are you buying today?
« Reply #3031 on: June 12, 2018, 07:07:19 PM »
My favorite holiday week to write puts is Thanksgiving. The market doesn't move much on that Friday so it is almost like Wednesday is expiration.

Good trade.  I like BRK at 193.80 and I like $600...  Either way is nice.  Its great to sell these close dated options on a Friday (before holiday weekends are even better) - even though it's all supposed to be priced in, I find that once it becomes the week of expiry, people's appetite for allowing nice premium diminishes quickly.

Wrote 5 June 15 expiration 195 strike BRKB puts for $1.20 per share

oplia

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Re: What are you buying today?
« Reply #3032 on: June 13, 2018, 12:26:51 AM »
RCII trades at 12% spread to acquisition offer. Rejection by the board would indicate BoD's (controlled by activist investor) conviction in turnaround and far higher valuation. So hard to see reasons for such spread to exists.
More detailed discussion here:
https://www.specialsituationinvestments.com/2018/02/rent-a-center-rcii-expected-acquisition-60-upside/
Special Situation Investments www.specialsituationinvestments.com

oplia

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Re: What are you buying today?
« Reply #3033 on: June 14, 2018, 12:23:58 AM »
RCII management initially rejects Vintage improved offer, but then after Vintage makes the offer public, RCII starts considering it. Bizarre situation.
http://investor.rentacenter.com/phoenix.zhtml?c=90764&p=irol-newsArticle&ID=2353942
http://investor.rentacenter.com/phoenix.zhtml?c=90764&p=irol-newsArticle&ID=2354323
Special Situation Investments www.specialsituationinvestments.com

globalfinancepartners

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Re: What are you buying today?
« Reply #3034 on: June 14, 2018, 09:31:51 AM »
Back at the BRK.B trough...  Looks like you might get your shares this month Boilermaker!

boilermaker75

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Re: What are you buying today?
« Reply #3035 on: June 14, 2018, 10:14:26 AM »
Back at the BRK.B trough...  Looks like you might get your shares this month Boilermaker!

Yes and I wrote a couple of more puts, expiration tomorrow strike price $192.50 for $0.75 per share.

globalfinancepartners

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Re: What are you buying today?
« Reply #3036 on: June 14, 2018, 11:07:05 AM »
Back at the BRK.B trough...  Looks like you might get your shares this month Boilermaker!

Yes and I wrote a couple of more puts, expiration tomorrow strike price $192.50 for $0.75 per share.

Great minds think alike, but my sell order for two at .99 each never got filled..  (same contract)

boilermaker75

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Re: What are you buying today?
« Reply #3037 on: June 14, 2018, 11:28:40 AM »
Back at the BRK.B trough...  Looks like you might get your shares this month Boilermaker!

Yes and I wrote a couple of more puts, expiration tomorrow strike price $192.50 for $0.75 per share.

Great minds think alike, but my sell order for two at .99 each never got filled..  (same contract)

I wish I had your mind, and knowledge, when it comes to investing!

Mephistopheles

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Re: What are you buying today?
« Reply #3038 on: June 14, 2018, 08:31:07 PM »
I've been writing puts aggressively on Berkshire. My favorite is an $18 premium for $200 strike January 2020 put. Break even price $182...in 2020. Feel pretty good about that one

Lakesider

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Re: What are you buying today?
« Reply #3039 on: June 14, 2018, 08:52:55 PM »
I'm pretty ignorant and don't trade options myself.

What if there is a health issue with Warren or Charlie around the time of expiration and the equity is way down?

Is this a problem or are you just trading these on a shorter time frame?