2006-08-01 07:19:31 · 3 answers · asked by Olivia 4 in Business & Finance ➔ Investing
Yes, I know 85% of option contracts expire worthless.
But I have never had an option expire worthless.
2006-08-01 07:23:28 · update #1
Can I get a respectable answer?
more then two cents
2006-08-01 09:50:05 · update #2
It's due for a pullback. I'd say 68 is a lock. Puts should be a winner.
You didn't mention what duration puts you were looking at. Longer term, airline earnings are going to get creamed by skyrocketing (pardon pun) fuel costs.
Best of success.
2006-08-02 05:25:35 · answer #1 · answered by Thinker 5 · 2⤊ 0⤋
I would buy the puts after earnings Friday. The chart does show a price breakout of a bullish price channel. I have a price target for 75.70 after earnings. Competitors beat earnings, but warned a weak second half of 06.
2006-08-02 05:02:50 · answer #2 · answered by chris 2 · 0⤊ 0⤋
Shorting a stock at 6 year highs is probably not a good idea, just my two cents.
2006-08-01 07:31:24 · answer #3 · answered by billysimas 3 · 0⤊ 0⤋