Cardinal Energy Ltd (Alberta) T.CJ

Ok folks

[lnggasfor202324]

Ok folks in front of our own eyes we'll see loops lie again i bet.  He said he was making a lot of money selling $7.00 covered calls.  If CJ goes over $7.00 his shares get called away and he won't own the shares he sold covered calls on anymore.  He sure makes a good contrary indicator lol... GO CJ GO.

[Quintessential1]

Yeah but "clearly out of the money". Psst  if they are "clearly out of the money",  why would anybody buy them?  GLTY and all   

[lnggasfor202324]

Covered $7.00 calls would he would get the money for the call but if Cj goes over $7.00 the person he sold his covered calls would get his shares.  If CJ stays under $7.00 he would get the money from the call and the dividend.  So GO CJ CO.

[Quintessential1]

Inventory draws lower inflation and rate cut talk signaling increased demand with an ex-div and ER runup on the way.  It's just a matter of time. GLTA 

[loopsbutterfly]

if the shares goes over $7,00 I will lose my shares right away????? I think you dont know how it works... the holder will sell the call in the open market for a quick profit.... I sold my call for $0.15 it means the shares can go as high as $7,15 and I dont lose a penny... further more I have enough experience on that situation and can tell you the last investor who hold my call just before

[JayBanks]

  Are you including your transaction fees for options in your numbers or just basic surface math... I have to pay $2.25 cents per contract, $9.99 for each trade + $65 exercise fee & if exercised I have to pay anouther $9.99 for the exit transaction and anouther $2.25 per contract again... now being with ScotiaBank my fees tend to be higher than others... 700 contracts in one shot

[loopsbutterfly]

lol I have nothing to do..I sold covered call for $0.15 each contract and the commission fees is $35,00 that's it that's all I have no other fees  the calls holder will have to pay for the shares and for the fees not me... just too funny... gracias   grinnnn..

[Smokey1958]

Good try loopsdedupe! * Covered calls are often employed by those who intend to hold the underlying stock for a long time but do not expect an appreciable price increase in the near term. * This strategy is ideal for investors who believe the underlying price will not move much over the near term. It's always a concern (laugh) when someone "pretends" to be smarter than

[lnggasfor202324]

He always seems to know after the fact when CJ wastrading in the $6.60's he didn't think it would comeback, then CJ turns around and is now over $7.00.  I just recommend not to beleive him he consistantly gets caught lying.

[loopsbutterfly]

$7.00 so what???? I got $7,15 for the stock

[loopsbutterfly]

There is no margin at all because all my shares are fully paid then I got over $9 000 including $35 commission fees $35.00/62 000 shares is less than $0.005 per shares gracias   grinnnn..

[lnggasfor202324]

Hey liar there are only 192 option intrest out there wich is 19200 shares max.  Tell us another lie.  I'll make you look like a welfare case.  I don't need to lie about my holdings like you.

[loopsbutterfly]

option interest for August 16,2024???? 1043 open positions for 104 300 shares you are not right on it

[lnggasfor202324]

ya ya ya tell us more lies.

[lnggasfor202324]

July 4 you said you had 102 contracts then a day or 2 bebore you said 620 go back anmd look for yourself.

[loopsbutterfly]

I dont said I have 102 contrat at that time...I said still 102 contracts available(for sale just in case you missed it) 518 contracts sold at the time of writing July 3

[loopsbutterfly]

I never said that I have 620 contract at that time... I said with 62 000 shares=620 contracts  (maximum available for sale)  please read behind the lines

[lnggasfor202324]

You can't buy 62000 contracts that don't even exist an d you'll pay per contract lot wich is 10.  You probably wouldn't ever know that because you probably never bought more then 10 contracts at once if you ever even bought 1 contract.

[loopsbutterfly]

lol I dont buy 62 000 contracts what are you talking about??? I sold covered calls...I buy nothing at all 62 000 shares=620 contracts maximum available for sale please do your homework before posting nonscense like that

[lnggasfor202324]

YOu don't know what your talking about your just a liar.  Why would I be jelous of you.  I have a house in the lower mainland and in in Victoria not Newfoundland.  Plus I have my shares and call options.  I dont need to lie like you.

[lnggasfor202324]

Someone has to buy your coverd calls and they would show up in the option intrest.  Then you said you had 102 two days after you had 620.  You change your stories around more then you change your underwear.

[loopsbutterfly]

1043 contracts =104 300 shares=open interest  for August 16,2024  strike price $7,00 please check it very closely...you are wrong

[lnggasfor202324]

You never said what month.  Aug is even worse off for you becauser of their earning Aug 1 after markets close.  What about the 102 you said two days after the 620?

[loopsbutterfly]

I dont understand what you says.... 102 contracts available for sale at that time because 518 contracts have already been sold

[loopsbutterfly]

August 16 even worse for what????  it is my personnal account not your account what is your concern???

[lnggasfor202324]

Thats even cheaper then mine at Itrade.  I bpay $35.00 per contract wich is 10=1000 shares.  I don't beleive $35.00 for over 100 covered calls.  Then if you want to buy your shares back you have to for that.  July 3/24 loops said he has 620 covered call colntracts then july 4/24 he said he hasd 102 contracts.  He's a liar caught in the act there.  Take a look

[loopsbutterfly]

$35,00 nothing else I am serious

[loopsbutterfly]

what are you talking about??? 62 000 shares =620 contracts available for sale maximum I never said my 620 contracts have been sold 102 contracts is not 620 contracts please think about your message before posting nonsense like that I am not a liar

[loopsbutterfly]

July 4,2024???? I said 102 contracts available for sale at that time...what is wrong on it ??? I dont understand what is your concern about that ??? It is just personnal attack without  prove and merit I am not a liar

[lnggasfor202324]

Some times people like to gamble and try to get a bigger return.  I bought $5.00 calls wich are obvious in the money for jan 2025 and jan 2026, so far I would have being better off with the shares collecting some extra dividends.

[loopsbutterfly]

lol you get lost on it..... just call the shares at $5,00 if you have the $5 call and collect the dividend right away... just to funny.....not sure you know how it works. gracias   grinnnnn...

[loopsbutterfly]

lol for many reasons... 1-if some body smell a take over 2-to protect a short sale 3-to dont miss a run up in case of a good news and many other reasons that's depending of many trading strategy....