Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > General Poker Discussion > Poker Beats, Brags, and Variance

Reply
 
Thread Tools Display Modes
  #1  
Old 11-14-2007, 04:24 PM
ahnuld ahnuld is offline
Senior Member
 
Join Date: May 2005
Posts: 10,945
Default BBV come sweat the stock market with me

just set up a small options straddle on etrade. What that means is I need the stock to go either up alot or down alot to make money. If it stays the same I lose. I stacked it so I make a killing if the price rises alot, lose money if it rises a little, and make a small amount if the stock goes down. Here are the payouts.


3 740
4 240
5 -260
5.5 -510
6 -760
6.5 -1010
7 -1260
7.5 -1510
8 -1760
8.5 3240
9 8420
10 18420


Notice max loss is 1760 and max gain is huge (for every dollar the price rises past 10 I make an extra 10k). The options expire on november 17th so the price (currently 5.75) needs to really move tomorrow and on friday.


edit: Company is Etrade, symbol ETFC
Reply With Quote
  #2  
Old 11-14-2007, 04:27 PM
bluey bluey is offline
Senior Member
 
Join Date: Mar 2006
Posts: 878
Default Re: BBV come sweat the stock market with me

what stock?
Reply With Quote
  #3  
Old 11-14-2007, 04:29 PM
jasonfish11 jasonfish11 is offline
Senior Member
 
Join Date: Jun 2007
Posts: 542
Default Re: BBV come sweat the stock market with me

Good luck to you but I think they are going to file for bankruptcy soon. The stock went from 26/share in August to 6/share now. Not to mention a 60% downswing on monday or tuesday.

The graph of their stock in the last couple months would make FGators cry.
Reply With Quote
  #4  
Old 11-14-2007, 04:32 PM
tufat23 tufat23 is offline
Senior Member
 
Join Date: Feb 2006
Location: wafflecrushing your sister
Posts: 7,933
Default Re: BBV come sweat the stock market with me

[ QUOTE ]
Good luck to you but I think they are going to file for bankruptcy soon. The stock went from 26/share in August to 6/share now. Not to mention a 60% downswing on monday or tuesday.

[/ QUOTE ]



erm i dont now much about this but im sure ahnuld is betting on swongs, unless ure implying the price wont move?
Reply With Quote
  #5  
Old 11-14-2007, 04:32 PM
ImsaKidd ImsaKidd is offline
Senior Member
 
Join Date: Aug 2005
Location: CHOO CHOO
Posts: 11,074
Default Re: BBV come sweat the stock market with me

Man this [censored] is crazy.
Reply With Quote
  #6  
Old 11-14-2007, 04:32 PM
ahnuld ahnuld is offline
Senior Member
 
Join Date: May 2005
Posts: 10,945
Default Re: BBV come sweat the stock market with me

[ QUOTE ]
Good luck to you but I think they are going to file for bankruptcy soon. The stock went from 26/share in August to 6/share now. Not to mention a 60% downswing on monday or tuesday.

[/ QUOTE ]

do you not see that this would be good for me? For every dollar etrade drops below 8 I make 500 back from my fixed costs so if it drops to 2$ ill make 1250
Reply With Quote
  #7  
Old 11-14-2007, 04:35 PM
budblown budblown is offline
Senior Member
 
Join Date: Jul 2007
Location: Smelling the 6 ft Kush plant
Posts: 450
Default Re: BBV come sweat the stock market with me

[ QUOTE ]
just set up a small options straddle on etrade. What that means is I need the stock to go either up alot or down alot to make money. If it stays the same I lose. I stacked it so I make a killing if the price rises alot, lose money if it rises a little, and make a small amount if the stock goes down. Here are the payouts.


3 740
4 240
5 -260
5.5 -510
6 -760
6.5 -1010
7 -1260
7.5 -1510
8 -1760
8.5 3240
9 8420
10 18420


Notice max loss is 1760 and max gain is huge (for every dollar the price rises past 10 I make an extra 10k). The options expire on november 17th so the price (currently 5.75) needs to really move tomorrow and on friday.


edit: Company is Etrade, symbol ETFC

[/ QUOTE ]

So you're saying you need the stock to lose another 40% or go up 60% to make money. That's pretty -EV. You might as well go play roulette and put it on black.
Reply With Quote
  #8  
Old 11-14-2007, 04:39 PM
jasonfish11 jasonfish11 is offline
Senior Member
 
Join Date: Jun 2007
Posts: 542
Default Re: BBV come sweat the stock market with me

No but you are hoping it goes up. I dont think it will. I think it will either go down big or they will be able to tread water and stay where they are. I think they will go bankrupt but their stock did rebound a little today. Good luck.

Oh here is a graph since BBV needs one.

Reply With Quote
  #9  
Old 11-14-2007, 04:39 PM
ahnuld ahnuld is offline
Senior Member
 
Join Date: May 2005
Posts: 10,945
Default Re: BBV come sweat the stock market with me

except for the fact of this:

"And mark this date: November 15: According to accounting rules, says Sean Egan, of Egan Jones, that’s when E-Trade must mark its mortgage portfolio to market not a computer model. "

and

"After the market close on Tuesday, E*Trade Chief Executive Mitch Caplan canceled a scheduled presentation on Wednesday at a Merrill Lynch banking conference in New York.

E*Trade spokeswoman Pam Erickson did not provide a reason for the cancellation, but said Caplan was focusing on "priorities." Following that news, E*Trade company's shares rose 4 percent to $5.20 in electronic trade.

"Usually when CEOs cancel these appearances it means that something corporate-related is up," said Patrick O'Shaughnessy, an analyst with Morningstar. "And certainly there are a lot of rumors out there that E*Trade could get bought out."

http://www.cnbc.com/id/21777486



gogogogogo buyout/bankruptcy or no mortgage asset writedowns
Reply With Quote
  #10  
Old 11-14-2007, 04:41 PM
Requin Requin is offline
Senior Member
 
Join Date: Aug 2005
Location: Back online
Posts: 6,446
Default Re: BBV come sweat the stock market with me

Since you're not in the finance forum might want to put up a disclaimer saying you're not recommending people do this themselves, you're not responsible ect.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:46 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.