Executed with Fidelity @1.64

Filled @ $1.68 including commission via fidelity

Filled at 1.69

filled at $1.66

1.65 ET thanks Linda

Filled at 1.69 Fidelity

In at 1.65 Thanks Linda

I’m in @ $1.62 TOS thanks Linda

Filled @ $1.64 at TradeStation.

1.63 @ TOS

NXPI filled for 1.65 @ Fidelity

NXPI BTO Oct 19 C100 for $1.55 at Fidelity.
Thanks.
DL

in at $1.62

NXPI filled @ 1.66 BTO

Thank You Linda

Filled option on TOS @$1.70

Thank you Linda BTO @$1.70 as recommended (got message late due to work)

In at $1.70

$1.70 TOS

Late entry @1.50

NXPI – filled at $1.50 (IB)

Late to the party – filled @ $1.70

It doesn’t look like this is going according to plan. Should we cut our losses now?

Hi linda, NXP semi was cut to sell today. What is your opinion on this option?

Hello all,
This is certainly not going according to plan. I’ve seen some of the details of the Sell which seem to focus on industry issues for basic semi chips. I’ve also read through much of the transcript from the analysts’ day to ferret out the negative pitch.
I honestly am shocked by the huge down move in the stock. Assumptions for earnings look conservative and much of the rest of the street supported the stock. That said, I’m looking at what level to put a stop-loss limit on the position.
A rough ride for sure.
Best,
Linda

Hi Linda,
I guess we hang on NXP as its already showing 98% loss for me? May be it will come back up to close with less loss?

Sadly yes. I have some calls out to my industry contacts to figure out what the heck is going on with this stock. Even the most ardent bears I know think this is a cheap stock. It’s possible it’s arbs selling but I thought they would have exited most of their stock a few weeks ago.
I’ll send along anything new I find.
Best,
Linda

Novice investor here and not sure what to do with major losses… now that a few of the options are almost worthless should I/ we wash our hands and move on or pray like hell for a positive change closer to expiration? I was trying to fight the panic of pulling out too soon but that would have been a wiser decision. Not placing blame on any suggestions, just looking for some damage control since I lack the experience.

Adam,
The problem with the options now is obviously that they are down so much, the risk/reward of holding them leans slightly towards holding on. I’m surprised at how hard all three traded down in reaction to BMW’s news. That company missed estimates due to higher emissions costs but clearly, investors are very nervous about the auto space (GM, CC, and NXPI are all somewhat tied to auto sales, GM more than the others by a wide margin).
I am considering instituting a hard sell alert on any options that are down 30-40% as a safe-guard on future trades. It is not often but always a possibilty that they go awry like this. It is extra unfortunate to happen just as you’ve come on board.
Best,
Linda

Linda any info on NXPI?

Nothing new Jeff except the continued selling in the semiconductor sector which bleeds into NXPI.
Best,
Linda

NXPI is expiring in 10 days with a negative theta. The $90 put is deep in the money and possibility of being assigned is high. I am punching out of the trade to mitigate max loss.

New member. Is NXPI still a buy candidate? If so which strike/expiration and price would you recommend?

Hello Linda,

I am a newby and have 3 contracts on the Oct 18 NXPI 100 Calls. Should I unload them? If yes how and for what price?

Thank you,
RJ

Hello all,
Even before the wipeout today, NXPI was nowhere near the $100 strike so with only one week until expiration, they are basically worthless. I am still astounded at the widespread, aggressive selling in anything auto and chip related. I’m seeing stocks selling at 5-year low P/Es. I don’t have a firm new option trade for NXPI but do think it will be significantly higher in 6 months.
Hopefully, this helps a bit.
Best,
Linda

What is your opinion on NPXI ? Early sell to avoid flash crash potential.

so we will just let it expire and no action required on our part??