LOL I wish.
But surely the coincidence is uncanny?!
In my earlier portfolio update post a couple of weeks ago (Portfolio Updates – 11/09/2016), I wrote about my options in Chesapeake Energy. Let me quote partially:
“…..The magnitude of the rise has been so damn crazy, that my call options at $7 got exercised…..
Now, I am not overly worried about CHK though, as IMO, the share price will drop again and I have now swung to selling put options.
When markets open on Monday, I really hope CHK drops drops drops, so that I can sell put options again, and hopefully they get exercised <$7, netting me a nice differential in the price, + premiums when my put options were sold earlier, + premiums when my call options ARE sold on Monday.
For now, it’d be really really nice if CHK drops to say… $6 or ......
