Replies to post #272875 on SPDR S&P 500 (SPY)

[AllTheHype]

I trade often in same day expirations, but it usually coincides with my confidence level that a move will occur today versus a move will occur in the next few days.

[BOS-MMT]

@ANG, is that you? Have you fulfilled your one million plan secretly?

[USDollar]

ArchiH, I am in doubt that the metrics work out for this to happen.
To buy at 0.1 same day expiring it would be so far out like on planet pluto. For that to go and gain $15 ? Nah

What possible strike was that ?
And what time of the day was bought ?

I don't see it happening


Re: "However, I heard of a trader who bought SPX puts yesterday morning with the DOW already down over 100 points at .10, and sold for $15...blows my mind! Supposedly turned $1000 into $150,000 so there's a basic idea of the risk vs. reward incentive..."