Options Wonderland

[samaelrocks]

Of course it was. The market was advised that I had relinquished my short position on GM yesterday and triggered this catalyst that would have bought me a new car if I had held ONE MORE DAY. LOL!

Posted by: samaelrocks Date: Wednesday, June 25, 2008 3:53:52 PM
In reply to: OptionMonster who wrote msg# 27521 Post # of 27578

All GM puts gone now! What a slope! May drop a bit more but the market may think (rightly so) that GM is making cost cutting strides. I'm not buying calls though so no one needs to be concerned about risking a bounce play.

Glad I didn't buy those calls though. Goldman's actions would have made more sense if I had. What's strange is that I actually made some nice gains on the puts. Shewwww.