• 993 days Will The ECB Continue To Hike Rates?
  • 993 days Forbes: Aramco Remains Largest Company In The Middle East
  • 995 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,395 days Could Crypto Overtake Traditional Investment?
  • 1,400 days Americans Still Quitting Jobs At Record Pace
  • 1,402 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,405 days Is The Dollar Too Strong?
  • 1,405 days Big Tech Disappoints Investors on Earnings Calls
  • 1,406 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,408 days China Is Quietly Trying To Distance Itself From Russia
  • 1,408 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,412 days Crypto Investors Won Big In 2021
  • 1,412 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,413 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,415 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,416 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,419 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,420 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,420 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,422 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Update 4 - Our Trade on the DIA Option

7/20/2008 2:45:34 PM

Greetings J.E.D.I.,

Welcome to The J.E.D.I. Trader.

To learn more about my Stocks, Options & Options on Futures Trading Service, click here.

GENERAL TREND OF THE MARKET: DOWN

STOCK, OPTION, OR FUTURE UNDER ANALYSIS: DIA

CLOSING PRICE AS OF JULY 18, 2008: $114.95

EXPIRATION: DECEMBER 20, 2008

This e-mail is to alert you to maintain your position on the DIA option.

Our breakeven point before this trade losses money would be as follows:

Our breakeven for selling one December 2008 DIA 105 Put Option at the bid price of $2.80 is $2.58. (2.8x100 minus 21.48 (commissions) divided by 100) That is we will breakeven when the premium on this put option is $2.58. NOTE: This particular put option position will begin to lose money if DIA falls below 102.42. (105 minus 2.58)

CLOSING PRICE OF DECEMBER 2008 DIA 105 PUT OPTION (As of July 18, 2008): $3.35

Next week, we could witness DIA trading in a price range between $108 and $119.

My fellow J.E.D.I.,

Please see 2 year weekly chart below for the DIA dated July 18, 2008.

So, maintain position. And watch the following price level for DIA: $102.42

Good Luck!

And may the force of volatility will be with you.

Best Regards,

 

Back to homepage

Leave a comment

Leave a comment