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Comments:
<0> bawb clitsak from tha*******nugg3trewmjuice
<1> jigga
<1> my nigguh
<2> pffff fxi is trading at 70 bucks
<2> how the **** are u supposed to make money on those kinda stocks
<1> my boss
<1> is so old
<1> they have
<1> email addresses
<1> @prodigy.net
<1> that they still use
<1> at what point does that become l33t
<1> ?
<2> wats ur point jcv
<1> point is
<1> there is no point
<1> stockguy why do you come in here
<1> spamming a stock-spamming website
<1> ?
<2> no
<1> yes
<2> i came here to talk about stocks
<2> but i see that all u guys talk about is nothing
<2> lol
<1> we talk about stocks
<1> in
<1> err
<1> during
<1> the week
<1> monday
<1> thru friday
<2> lol
<2> i c
<1> right now
<1> we all get ****ed up
<2> i must have come at the wrong time
<1> and talk about nothing
<2> lol
<2> hahaha
<1> lol
<1> i'm sober :(
<2> u get hammered and come on irc...
<2> wow
<1> stockguy how old are you?
<2> man have u guys ever seen the outside world?
<2> 24
<1> word
<3> you mean, outside the matrix?
<2> u?
<2> lol
<1> the big room with the bright light?
<1> i only go out when they turn off the light
<1> what a douchebag
<1> honestly
<1> what's the weather like up in BC?
<0> BCR????
<0> its raining ****ty here
<1> british columbia
<1> where you from crsipi
<2> crispexi where u from?
<0> northern CT
<1> ah that's right
<0> http://www.wunderground.com/radar/radblast.asp?ID=BOX®ion=a5&lat=41.99508286&lon=-72.45021057&label=Somers%2c%20CT
<4> Tiny URL: http://tinyurl.com/lda99 (URL by crispexi)
<0> theres mee woo
<1> http://www.wunderground.com/cgi-bin/findweather/getForecast?query=sfo
<4> Tiny URL: http://tinyurl.com/kh4d8 (URL by jcv)
<2> wake up people
<1> ...
<1> i think crispexi p***ed out
<1> lol
<2> lol
<2> its just me and u
<2> down to 2
<1> where you from?
<3> im out
<3> peace
<1> cya
<0> iiiihit=
<0> i should get to bed its almost aylight out, i can see the sun coming up almost.
<5> anyone awake?
<6> barely
<5> perfect
<5> Rattx
<5> question: about options
<5> ok
<5> now say you buy 1 option contract
<5> of
<6> err
<6> ok
<5> CATFP.X
<5> $80 dollar strike price
<5> ask .05
<6> well u usually dont buy just one contract
<5> i know
<5> example
<6> ok
<5> so you just bought the right to purchase 100 shares correct?
<5> lets say it hits that strike price
<5> and you sell that contract
<5> for 1.2
<5> is your return rate
<5> .05 1.2?
<6> ok
<6> yeah
<5> .return .05 1.2
<7> The Return rate for .05 -> 1.2 is: 2300.00%
<6> exactly
<5> okokok
<5> so my other question
<5> if i bought
<5> $1000 worth of these .05 calls
<5> my return rate would be 2300.00%?
<6> yes
<5> omg sickness
<6> but i would advise
<6> that you do just a few contracts
<6> till you get the hang of it
<5> low volume?
<5> k
<5> thats another thing
<5> volume represent 1 contract?
<6> cause if it did not make the price and you held it till it exprired
<6> the you would lose all your money
<5> you can't sell by then?
<6> well at .05 maybe a few hundred
<5> yea
<5> if you bought at .05
<5> get some money back
<6> no it expires on that day if not exercised
<5> yea 3rd friday
<6> zero value
<5> :( risky business
<5> seems worth it though
<5> just looking at it from gambling perspective
<5> if you have certain amount of money
<5> buy 10 diff .05 ask calls
<5> all you need is for 1 of 'em to hit
<5> and you get 2300% return
<5> that more than covers losses in others
<5> 1/10th chance of hitting
<5> good strat? yes no?
<6> think of it this way
<6> what stocks would you normally buy ? then option those
<5> ya
<6> when the stock goes up a buck or so
<6> then sell the option
<6> and buy another
<5> ok
<5> so smaller gains
<5> 20% 30%
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