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Portfolio Armor's avatar

Out of the ZIM put spread today at $0.20.

Larry Blomquist's avatar

When should we expect a price target for the ZIM calls?

Portfolio Armor's avatar

Big announcement from the company after the close today--the board just rejected the CEO's lowball offer, and the stock's up ~13% after hours. Let's see how that impacts the options market tomorrow, and then I'll post targets here.

Portfolio Armor's avatar

Okay, I'm opening a GTC limit order to sell half of the ZIM calls at $5.25, and plan on selling both calls for the best price I can get as we approach expiration.

Larry Blomquist's avatar

By the time I saw this alert and entered orders, USAR and SNDK had moved beyond the max price. Should these remain day orders or is there a duration they could remain open like ZIM?

Portfolio Armor's avatar

I would keep them as day orders, since they’re PA top names. You can always enter another order on them if they end up in the top ten again.