Option Millionaires

[Imapuppy]

Ha, I have no idea, wasn't me! Just watching the tape :0)

I WISH I had that kind of money to be buying ~$25k way OTM options in bulk like that. When I bought those $AAPL puts friday my palms were sweating and it was the first time I've been in a genuinely nerve-wrecking trade in a long, long time.

Luckily it worked out well because it was about 8% of my working capital :0o

Anyway the tape on these $VXX w puts has been telling for the past 2 weeks. Sharks realize that it is broken and have been pouncing on it non-stop and making a lot of money. Not that it will always be the case, for instance this morning the w 15 calls were up 500%, but still, the $VXX is hurting because of peoples' expectations, and it is easily exploitable.