Replies to post #556049 on Zeev's Turnips Patch-No Politics (ZEEV)

[Duster]

Yes Ghetto thats how I figure it. But, as I said I dont trade options that far out so I was curious how the potential exit price was calcuated. Thank you.

[marketmaven]

Delta's gotten squashed on puts recently-M???

Fabs, had 30 Jan$60 M puts and when they missed, STOCK GAPPED DOWN PRE-MARKET then MMs walked it up all day. Talk about chasing a tail- bids just fell away as MM's steal the premium from put buyers EVEN if they are right! UFB!

BIG MISS on TERRIBLE RETAIL SALES
http://biz.yahoo.com/rb/070712/macys_sales.html?.v=2

CBS marketpump pushes out the "buyout" story OVER AND OVER AGAIN
http://www.marketwatch.com/news/story/buyout-macys-analysts-say-numbers/story.aspx?guid=%7BF3FEBFDE%....

Insiders Dumping
http://www.form4oracle.com/company?cik=0000794367&ticker=M

[Bruce A Thompson]

Ghetto

I just looked at the Jan '70s and they looked pretty good to me for the closing price of SNDK yesterday in a down market.

The $75s could easily get into the high $3s to low $4s with the breakaway gap I am expecting today.

Looking (hoping) to not have to sell more than a third to get even.

BT