http://www.elitetrader.com/vb/showthread.php?s=&threadid=157869
Bought 175 jan 2012 CALLS. GOVERNMENT DONE SELLING BY THE END OF THE YEAR. EXPECTING AT LEAST 9 BEFORE THEN. SEE YOU IN A YEAR
This is the largest pork producer in the United States and they have operations in Mexico. If swine flu can bring down the market on Monday, I doubt their pps can hold $10. I just put in a order to short 1k shares at 10.15. We shall see what happens tomorrow.
Im surprised you haven't blew up your portfolio yet. From now on, I will call option backspread any stock you mention shorting. Btw, didn't my LVS move up 2 points on you?
thanks for the reply, but can someone price what the true value of the jan 2011 5 strike call is worth at this moment? Stock's trading at 6.4 at the moment and I bought the calls at for $2.5 each.
WTF is going on with this option? the delta is only .03 lower than the 2.5 strike, but it only went up 10 cents today while the 2.5 went up by 70c, and the 7.5 strike went up by 25c. Can anyone explain this?