[cjcampbell]

Oh, good to see the thread back in action! I'm not looking at BBRY to closely this next week because I have family visiting and we're going to Colorado Springs to see my girls soon. I hope everyone has a great weekend!!

Have a great time!

Posted via CB10

[bungaboy]

Oh, good to see the thread back in action! I'm not looking at BBRY to closely this next week because I have family visiting and we're going to Colorado Springs to see my girls soon. I hope everyone has a great weekend!!

You too. Travel safely.

[kfh227]

Damn, those are tempting, but how are you getting 2x the shares? Sorry I could be having brain fart.

OK, options ...

For discussion purposes, let's just say the stock is exactly $10 right now and those Jan 5 2015 call options cost $5 each.

With $1000, you can buy 100 shares of BBRY. that's the easy part.

With $500, you can buy one call option. This call option provides you the option to buy 100 shares BBRY stock for $5/share. So with $500, you control 100 shares. $1000 gives you control of 200 shares. So, twice the shares.

The issue .... Movements in option prices are twice that of stock (a simplified view).

So, if the stock goes to $7 you'd have $700 in stock for your $1000 investment. But with options, those stock options will be worth less. The simplified view of these options is that they are now worth $200 per option (Stock price - strike = 7 - 5). You own two though, so you have $400 worth of options at that point.

So, with the option strategy I mentioned, the gains and losses are twice that of simply owning the stock.

Understanding options takes time. It's something one needs to research. From a theoretical perspective, just think of it as a way of using leverage.

Anyway, let's say the stock goes to $15. Your $1000 investment in stock is now worth $1500. But the $1000 investment in Jan 5 2015 calls is now worth $2000.

My personal opinion is that before Jan 2015, we will see $15/ share again. So it's worth the risk.

Please feel free to follow up with other questions. Options can be confusing, so as long as the answer will not take a page, I will answer.

[kfh227]

abouthsu,

What BB10 app did you use in that snapshot?

[kfh227]

Sooooo.... havin' a few tonight? lol

Posted via CB10

Funny, after I finished reading that, my brain hurt so I'm doing some Captain Coke. No beer. need to loose weight. Might start diet tomorrow along with being diligent with exercise.

[Bugmapper]

Revisiting the quarters Q&A.

Did thy answer any ******* questions. Holy ****.

Sorry for the swears, but they are warranted.

This gem:
Q: Any BES revenues for all of fiscal year 2014 expected? They did not even say yes or no. WTF!

Still reading ....

That is one of the things that creeps me out about Thor and company. They act like politicians on the q &a call. Never answering questions directly, always deflecting. I appreciate that they are in a tight spot, but getting defensive makes everything worse because nobody will trust you after too many wishy-washy answers.

Posted via CB10 on a Z10 root device!

[chrysaurora]

That is one of the things that creeps me out about Thor and company. They act like politicians on the q &a call. Never answering questions directly, always deflecting. I appreciate that they are in a tight spot, but getting defensive makes everything worse because nobody will trust you after too many wishy-washy answers.

Posted via CB10 on a Z10 root device!

Yeah, they seem to think that by giving non-commital/evasive answers, they'll avoid commitment.

But in reality, they are just frustrating everyone like nobody's business. Fans, customers, shareholders, analysts! Everyone gets frustrated by lack of clear answers.

Posted via CB 10 app on my Q10!

[abouthsu]

OK, options ...

For discussion purposes, let's just say the stock is exactly $10 right now and those Jan 5 2015 call options cost $5 each.

With $1000, you can buy 100 shares of BBRY. that's the easy part.

With $500, you can buy one call option. This call option provides you the option to buy 100 shares BBRY stock for $5/share. So with $500, you control 100 shares. $1000 gives you control of 200 shares. So, twice the shares.

The issue .... Movements in option prices are twice that of stock (a simplified view).

So, if the stock goes to $7 you'd have $700 in stock for your $1000 investment. But with options, those stock options will be worth less. The simplified view of these options is that they are now worth $200 per option (Stock price - strike = 7 - 5). You own two though, so you have $400 worth of options at that point.

So, with the option strategy I mentioned, the gains and losses are twice that of simply owning the stock.

Understanding options takes time. It's something one needs to research. From a theoretical perspective, just think of it as a way of using leverage.

Anyway, let's say the stock goes to $15. Your $1000 investment in stock is now worth $1500. But the $1000 investment in Jan 5 2015 calls is now worth $2000.

My personal opinion is that before Jan 2015, we will see $15/ share again. So it's worth the risk.

Please feel free to follow up with other questions. Options can be confusing, so as long as the answer will not take a page, I will answer.

Gotcha, different perspectives. I looked at it as in I'm paying for the underlying security where it has the possibilities of expire worthless. So technically speaking to own actual share to me is premium + strike price which isn't bad for a call that far out basically invest half of the capital to hopefully see the SP trading north of the strike price. But your right, controlling 2x the volume without actually owning it for the time being.

[abouthsu]

abouthsu,

What BB10 app did you use in that snapshot?

Not using a bb10 device yet, I'm waiting for A10. Prefer a bigger screen device.

The app I'm using right now is thinkorswim for android platform.

[abouthsu]

OK, options ...

For discussion purposes, let's just say the stock is exactly $10 right now and those Jan 5 2015 call options cost $5 each.

With $1000, you can buy 100 shares of BBRY. that's the easy part.

With $500, you can buy one call option. This call option provides you the option to buy 100 shares BBRY stock for $5/share. So with $500, you control 100 shares. $1000 gives you control of 200 shares. So, twice the shares.

The issue .... Movements in option prices are twice that of stock (a simplified view).

So, if the stock goes to $7 you'd have $700 in stock for your $1000 investment. But with options, those stock options will be worth less. The simplified view of these options is that they are now worth $200 per option (Stock price - strike = 7 - 5). You own two though, so you have $400 worth of options at that point.

So, with the option strategy I mentioned, the gains and losses are twice that of simply owning the stock.

Understanding options takes time. It's something one needs to research. From a theoretical perspective, just think of it as a way of using leverage.

Anyway, let's say the stock goes to $15. Your $1000 investment in stock is now worth $1500. But the $1000 investment in Jan 5 2015 calls is now worth $2000.

My personal opinion is that before Jan 2015, we will see $15/ share again. So it's worth the risk.

Please feel free to follow up with other questions. Options can be confusing, so as long as the answer will not take a page, I will answer.

On another note though, if the price hit 15 or higher before Jan 2015, we would still be able to close the option without exercising to get the same profit amount?

[kfh227]

Gotcha, different perspectives. I looked at it as in I'm paying for the underlying security where it has the possibilities of expire worthless. So technically speaking to own actual share to me is premium + strike price which isn't bad for a call that far out basically invest half of the capital to hopefully see the SP trading north of the strike price. But your right, controlling 2x the volume without actually owning it for the time being.

Don't forget ... as things stand.

No debt and about $6/share in cash/equivs.

there is a reason I like those 5 strikes.

[kfh227]

On another note though, if the price hit 15 or higher before Jan 2015, we would still be able to close the option without exercising to get the same profit amount?

yes.

It is rare for options to be exercised. Most people just trade the options.

So, ya .... 18 months for BBRY to maybe see $15/share. I think it could happen ;-)

If we see $7.xx again, I'd be tempted to take all my cash and put in jan 17 2015 calls.

However, if I were to one day actually see $100/share, I'd exercise some of those options just to stick it to someone. Doesn't effect me tax wise but might give them headaches.

[abouthsu]

yes.

It is rare for options to be exercised. Most people just trade the options.

So, ya .... 18 months for BBRY to maybe see $15/share. I think it could happen ;-)

If we see $7.xx again, I'd be tempted to take all my cash and put in jan 17 2015 calls.

However, if I were to one day actually see $100/share, I'd exercise some of those options just to stick it to someone. Doesn't effect me tax wise but might give them headaches.

Question, what happened to calls if let say buyout offered and assumed a takeover completed? does that void anything as far as option contract goes?

[Superfly_FR]

Question, what happened to calls if let say buyout offered and assumed a takeover completed? does that void anything as far as option contract goes?

Thanks guys for the instructive above explanations.

PLEASE READ

If you're not already experienced, be very cautious with options trading.
They are most likely reserved to experienced traders.
Take advices from educated specialists before you press the button.

[lucky2010]

What do you mean by call options? How can you set them for the future?

Please let me know, I want to learn all aspects of this game.

Posted via CB10

[Tinomane]

Question, what happened to calls if let say buyout offered and assumed a takeover completed? does that void anything as far as option contract goes?

If they buyout for straight up cash, hope and pray that they offer more than the strike price of your calls. If not, they expire worthless.

That's one of the fears with buying out of the money LEAPS for BBRY. There's always that buyout possibility. But, when a company is bought out it is usually at a premium of the current SP. Also, I can't see Watsa or other board members agreeing to buyout below their avg. price.

[Tinomane]

What do you mean by call options? How can you set them for the future?

Please let me know, I want to learn all aspects of this game.

Posted via CB10

Your best bet is to start here. They have a good tutorial.

Options Basics: Introduction | Investopedia

[abouthsu]

If they buyout for straight up cash, hope and pray that they offer more than the strike price of your calls. If not, they expire worthless.

That's one of the fears with buying out of the money LEAPS for BBRY. There's always that buyout possibility. But, when a company is bought out it is usually at a premium of the current SP. Also, I can't see Watsa or other board members agreeing to buyout below their avg. price.

With the current condition, strike 5 seems pretty safe.

[FastLane228]

OPTIONS

OK, today I closed about half of my Jan 2014 calls at the 30 strike at a big loss. Figure I might as well get something seeing they will probably go worthless. the other half are going to ride till the next earnings call.

Hoping Monday is a down day so i can open:
Jan 17 2015 calls (currently under $1)
Jan 5 2015 calls (currently trading with next to no premium)

Those jan 5 2015s are going for $4.80. So, I am basically buying the stock for $9.80 but I get control of 2x the shares. Not bad considering that BBRY closed at $9.55 today.

Really, you hope Monday is a down day because you made poor investment decisions, it's probably a good time to rethink your strategy, I hope Monday is up.. notice , we are in the same game but playing different positions*

BBM CHANNEL C000EF854 < bbry stocks*C0004ABC9<Pin friends meet

[tygros]

It unfortunately wont help unless those devs decide to bring the apps to BB10. We cannot, and should not, rely on side loading for any meaningful discussion.

Hate to point out the obvious, but isn't that what made Android what it is today? Sideloading is what showed interest, and got firms to build for Android. BB can build upon this. Yes they need #'s, but don't dismiss Sideloading.

Posted via CB10

[FastLane228]

BBM CHANNEL C000EF854 < bbry stocks*C0004ABC9<Pin friends meet

[kfh227]

Really, you hope Monday is a down day because you made poor investment decisions, it's probably a good time to rethink your strategy, I hope Monday is up.. notice , we are in the same game but playing different positions*

BBM CHANNEL C000EF854 < bbry stocks*C0004ABC9<Pin friends meet

I don't feed trolls.

Posted via CB10

[FastLane228]

I don't feed trolls.

Posted via CB10

wait whose the troll, my reply or the person I was replying to,

BBM CHANNEL C000EF854 < bbry stocks*C0004ABC9<Pin friends meet

[Shanerredflag]

I'm trolling for whiskey...it's the best kind. Enjoy your evening everyone.

Posted via CB10

[FastLane228]

I'm trolling for whiskey...it's the best kind. Enjoy your evening everyone.

Posted via CB10

Lol..

BBM CHANNEL C000EF854 < bbry stocks*C0004ABC9<Pin friends meet