iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

OA Buy: STV

I just purchased shares of $STV; my new favorite chinese burrito.

Update: Chart of STV

burrito0523

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25 comments

  1. Hawaiifive0

    Just shares and no option?

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  2. Hawaiifive0

    What did he buy Jun calls?

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  3. TheOSU

    When you have a spare moment I
    would like your take on in the money calls .
    As an example I bought the June 10
    IMMR calls today ( I’m the lone trader ) . I like Fly’s story and the seaonality with the 10% moves in Mar., June , Sept . and Dec.
    The out of the money calls are just too expensive and worse case scenario I will excercise .
    Not very macho , but this strategy has served me well . Your take ?

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    • Woj

      OSU, just curious, why didn’t you play the 12.50’s? Both in the money and both are mostly intrinsic value (minus about .20 of the premium for the 12.50’s). Could have gotten much more bang for the buck if you are confident in the move.

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      • TheOSU

        Good point and I think the market , which it shouldn’t , had me a little gun shy .

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    • Option Addict

      Good Sir,

      Nothing wrong with this at all. Like Woj mentioned, even the 12.50s are better than buying the stock outright, and if it still looks good outside of June…exercise.

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  4. alsami

    still in $IVAN

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  5. Freebie

    Nice pump job!

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  6. Nate

    Take a look at BBRY, big symmetrical triangle.

    Good to have you back, Kohler!

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  7. Paul

    First, great to have you on ibc. Second, is STV just a technical set up or do you actually know/like something about them?

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    • Option Addict

      Technical, check the chart above.

      This has been my favorite technical pattern this year.

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  8. drummerboy

    sorry oa,every time i see that ticker i cringe. very bad memories going back to their ipo.surprised by it’s price though.i would think that with the advent of cable tee vee for the chinese,stv shouldnt be the price that it’s at.

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    • Option Addict

      I go into this trade assuming there is no real company, no real price, or no real cable tv.

      I’m updating a chart for you as we speak.

      OA

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  9. John123

    OA,nice call on bidu the other day. Just want to drop a thank you note. Like your c pick also. Cheers

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  10. Tpain

    Hey what indicator are you using at the bottom? Can you link me to the TOS code?

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