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interloper

03/18/20 1:08 PM

#57445 RE: pj McMulligan #57444

I bought 5 SPY puts yesterday w/ an expiration 3/20 . I also bought 2 calls, same expiration. Those calls will most likely be worthless, and I don’t care. With this halt my puts are up nicely. Could be biggly when it resumes.
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interloper

03/18/20 1:41 PM

#57446 RE: pj McMulligan #57444

I just sold the puts at 3.95, bought at 1.75.
I don’t think it’s bottomed yet because usually there is divergence. Non yet. But I couldn’t sit through another up spike. Those puts got as high as 4.20. Hard to get an absolute bottom.