Can someone please explain what this stock advice might mean? LONG SNY 46 call 0.80 stop 0.60 PT 1.20 I'm guessing it means to buy at 80% of the current price, stop buying if it drops below 60% and the price target is 120% of the current price. Also, not sure what LONG means other than maybe it will take awhile.
LONG = bought the calls (rather than sold them) SNY = stock symbol 46 call = strike price of call is 46 0.80 = price they bought the call stop 0.60 = price they will sell the call (exit the position) at a loss if the price goes down PT 1.20 = Price Target of 1.20 where they hope to sell the call
Thanks heaps! You have given me a lot to look up and I think I mostly understand the mechanics of this now and have a much better reference point. So, what would a similar thing saying the following mean: LONG ANGI 23.40 stop 22.70, PT $25 In this instance does it mean that the buy price for ANGI was 23.40 and to sell if the price dips down to 22.70 at a loss and for a price target of $25 to sell?
Yep, you got it. They either already bought ANGI at 23.40 and are telling you their exit strategy, OR they are saying they will buy ANGI at 23.40 and are giving you their planned exit strategy.
The first example was buying a Call Option and the second was buying stock. Just in case somebody was confused.
