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Opportunity to short oil options at way above fair value


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  #1 (permalink)
USS Liberty
Pittsburgh PA
 
Posts: 37 since Jul 2018
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I have a margin call with my TradeStation account (due to them charging triple SPAN margin) and because US banks are closed on Labor Day I may need to liquidate some of my short December 2020 150 strike price crude oil calls. The market maker will probably offer those calls for sale at way above their fair market value, so anyone reading this may have an opportunity to slightly undercut the market maker and still make a sizable profit.


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  #3 (permalink)
USS Liberty
Pittsburgh PA
 
Posts: 37 since Jul 2018
Thanks Given: 8
Thanks Received: 7


I tried calling Tradestation and it looks like everyone there is on holiday, so I may not get a liquidation. I'm still willing to buy half a dozen calls at a price of .12 which is still way above fair value if anyone is interested.


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Last Updated on September 3, 2018


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