A problem with big options positions is getting them sold.
Exactly 9 of my PFE Jan22.5 puts have sold at 15 cents so far. And with the Ask at 6,964, and the stock above $24 again, I'm not optimistic about the rest selling today. Fortunately it's a GTC order, so I won't have to pay extra commissions by putting in another order tomorrow.
Looks like my portfolio is up around 10% today (I don't usually shoot for those kinds of numbers -- I'm fairly conservative) thanks in part to ELN's performance which has helped the stock and the calls. And definitely a huge boost from the last trade on the PFE puts being at 50% more than yesterday's price. Although I do have a large number of them, they don't represent much of my portfolio on a valuation basis.
Edit: The Ask on the ELN calls has reached my asking price, along with a total of 897 of them being offered, and as I was typing this, 18 of them got sold. Actually 1, then 8, then 9. Who on earth buys ONE options contract?
Edit 2: There goes another 9 of the ELN calls. 18 to go. Keeping the rest until closer to expiration.
