JBManning > Trade Notes

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Member since: Oct 06

Sold to Open EUS AH at 0.05

EUS AH 0.04 0.00 [0.0%]

Users Bought (30 Days) 33 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 3.06B
52-Week High 2.90
52-Week Low 0.59
10 Day Volume 64.64M
P/E -0.83
EPS (Trailing 12 Mos.) -1.96
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Sold to Open
Symbol: EUS AH
Quantity: Not Shared
Price: $0.05
Value: $Not Shared.
Stop Order: No @ $N/A
Target Price: $0.00
OTM calls - just around the corner from OE - no real catalyst within the time span to drive E-trade 30% higher in two days... may as well take what premium there is if it's on the table for the taking...
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Posted by JBManning on 01/16/08 at 02:04 PM

Tag It | 1 user tagged it: OTM calls, ETFC, E-trade

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bigdog

Member since: Dec 05

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bigdog

May I ask you to share with the Community whether these are Covered Calls,or if you are instead "going naked"?  Thanks!

-Don Montanaro

TrdaeKing Chairman & CEO 

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JBManning

Member since: Oct 06

Trades 354
Trade Notes 56
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Age: 20's
Houston, TX
JBManning
Thanks for the question, Don.... these are in fact covered calls.
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NicoleWachs

Member since: Jul 07

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JBManning,

I agree. There seems to be little chance that E-Trade will be over $4 by tomorrow night. Of course, anything can happen.

--Nicole Wachs

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Training and Education Manager

Commenting on Trade Notes is something that TradeKing will be doing from time to time. You may want to check out some recent posts:

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JBManning

Member since: Oct 06

Trades 354
Trade Notes 56
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Environmental, Safety & Health Specialist
Age: 20's
Houston, TX
JBManning
The only catalyst I think that could drive it there would be some sort of M&A announcement. I've been hesitant to write any covered calls for that reason, since it could really come at any time. The upside potential there overrides the premium that one may receive from selling covered calls. I felt fairly safe though w/ 48 hours to go... but, like you said - anything can happen!