Concordia Healthcare Corp. T.CXR.R

Option trading

[visionaryfool]

Anyone doing option trading on this? If so, what strikes/dates are you looking at?
 

I'm looking at $60 for April 2016.

[adamchess]

It definitely looks interesting and wildly profitable. If we go $80 by then your profit is about $15/sh at risk of $4.75 for almost 5 months growth period. It seems like an excellent bet.  I am assuming sp has to be $64.75 before you are makiing profit? GL

[visionaryfool]

Yeah the options are really crazy this one. Wish there was more volume on them though. I'm currently holding stock and was thinking of ways to replicate my holdings with options so I don't have so much money tied up. Its tricky because of the inter-day swings.

[adamchess]

I have not looked at the inter-day swings but I would think buying option when sp is $50 would be fairly ideal giving best price for $60 strike options. Expecting sp to climb higher from here very shortly. On the other hand, money tied up in CXR shares instead of options is well spent if sp goes up as expected near term. Most expect easy double from here within 6 to 12 months - possibly much