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11-29-2005, 10:20 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Play money bet
I just made a short term bet with play money - calls on PPD. This is strictly a short term trading bet and I acknowledge it as such. Anyone else do this sort of thing?
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Ezekiel 23:20
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11-29-2005, 11:01 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: Play money bet
Not yet. I am making a change in the portfolio but it is boring compared to your move.
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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11-29-2005, 11:02 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: Play money bet
Rest assured, if PPD does what I think it will, I will be selling the calls and whittling down my equity position as well.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-29-2005, 11:05 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: Play money bet
What kind of premium did you pay on the PPD calls?
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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11-29-2005, 11:28 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: Play money bet
Quote:
Originally Posted by wildcat
What kind of premium did you pay on the PPD calls?
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Couple bucks and change. I bought Feb. 45s, 5 contracts. Since I already own a big slug of the stock, I don't particularly want a lot more money tied to it. But I think they are close to getting their bank deal done and will soon announce a large tender offer (could do up to ~25% of the float), a big special dividend (could do ~$8 a share), or some of each. Considering that almost half of the float is short, it could get real ugly real quick for the shorts.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-29-2005, 05:53 PM
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#6
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 415
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Re: Play money bet
Did some crazy things like sold puts on AX for Jan 4 contracts, but split them at 2 at 65 and 2 at 60. So far I'm in the money, but theres a long timeline between here and then.
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