Replies to post #1870 on Walmart Inc (WMT)

[Porgie Tirebiter]

I had sold the 140 puts yesterday when they had about a .50 Implied Volatility with a about a .02 Delta. And I'm going to guess the calls you bought were about the same.

It takes an extremely powerful move in the underlying shares to overcome that kind of I.V. to Delta spread. Can it happen? Yeah, anything's possible but it's kinda unlikely...