InvestorsHub Logo
Followers 14
Posts 3810
Boards Moderated 1
Alias Born 07/07/2002

Re: Double_Bagel post# 12706

Monday, 11/10/2014 12:37:30 PM

Monday, November 10, 2014 12:37:30 PM

Post# of 20689
Mid price was $.275 and it hasn't moved. Bid 0.15 and ask 0.40. Somebody sold at 0.25. Probability is 2/3 that it will expire worthless in 11 days. The 3000 10-12 strangle that was sold a few weeks ago has half the premium of when the strangle was sold. IMO This is part of the same game - harvesting premium from a stagnant stock.