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Re: ChrisJP post# 2318

Wednesday, 08/24/2016 2:52:39 PM

Wednesday, August 24, 2016 2:52:39 PM

Post# of 5003
I was watching options (PUTS)this week and this AM the Friday expiring were down 72 and 80% for the 29 and 30's then I saw someone bought 5000 next week exp. 32's according to TDA. I added 400% to my 29's lowering it to .07 avg and sold .11
Bought 30 30's at .12/.06 and .07 sold 20 for .30 and .33 keeping the last 10 as a hedge (free hedge) to my long calls expiring next year.
I might add back more 30's if we POP back up EOD just because this stock has some violent swings and big money option traders will try to squeeze less losses by moving it so much.
I got lucky and doubted my trades this AM hence why I moved to 'flipping for freebies' smile

PS Edit I just looked at PGNX and they moved that one too...Cousin to our PPS it seems.

Also volume on VRX puts was HUGE while my calls vol is tiny.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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