in CSTR july 60's @ .25
CSTR - Coinstar Inc - Page 12
Jumped back in @ 40 and change in late September. I still think this thing can touch 75, though I'll probably bail just over 60. I wouldn't count on immediate benefits from the NFLX exodus just yet, but going forward, there's a lot of potential there - and they still haven't released those new products they've been working on, yet.
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I'm not known as an options trader around here either, nizmo. Matter of fact, I'd consider myself fairly novice at it. I don't know how to straddle or strangle or any of those other things. I occasionally just either A) get bored at work or B) get a wild hair up my ass and decide that I wanna gamble a little. So I buy a few calls or puts ahead of a company that's reporting earnings after the bell so I have something interesting to keep an eye on. Since they're more volatile, they're more interesting to follow over a period of hours than just buying an equity. I've had 20,000 shares of the CSTR equity for just under half a year now that I bought back at 40. I just haven't really been following them closely.
And walk away from my juicy ass stock options and all the employee perks at work? No way!
Do wish I had nutted up and bought more than 6 calls, though (picked six figuring that I typically blow about $1,200 on a nice dinner, I might catch a double and pay for a nice meal). Turned out it's gonna be at least a 3 bagger, maybe even a 4 (I just don't know enough about options to know how much the premium will move from 5 under the strike price - $2 each - to 5 over and still 6 weeks to expiry).
But thanks :). For the record, I think these guys can hit 65 by the next quarter. Very well run company.