• 1,141 days Will The ECB Continue To Hike Rates?
  • 1,142 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,143 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,543 days Could Crypto Overtake Traditional Investment?
  • 1,548 days Americans Still Quitting Jobs At Record Pace
  • 1,550 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,553 days Is The Dollar Too Strong?
  • 1,553 days Big Tech Disappoints Investors on Earnings Calls
  • 1,554 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,556 days China Is Quietly Trying To Distance Itself From Russia
  • 1,556 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,560 days Crypto Investors Won Big In 2021
  • 1,560 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,561 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,563 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,564 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,567 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,568 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,568 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,570 days Are NFTs About To Take Over Gaming?
  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