I backtested some neutral ideas on weeklies even before they started trading. The results were very good , but when I saw the real ATM b/a spread ... all "profit" was gone.
I actually making more money now. Couple of days ago I closed most of the big winners (components FOTM for 5-10 cents) and all original DIA puts (113 strike) and reopen 116 (then ATM) to hedge the five remaining ATM components.
my top ten "words to be used the most over the weekend on ET" , no particular order :
1. Monday
2. Bears
3. Taleb
4. Black
5. VIX
6. Sigmas
7. PPT
8. Longs
9. FED
10. Margins
Last qtr SHLD posted earnings without previously announcing the report day (hence , no history of spike), so no reference to how high its can go. It did moved 12% , so current high (maybe higher ?) vols are justify. I might short it on the day of report :all those lucky bastards ( who ? Me ?)...
no , the activity was 3$ dividend related ( make sense for all those ITM calls) , I don't know how to play those.
Yes , NUE up big in last 2 days , I don't see any future events except of 2:1 split. Thanks , B , I will follow NUE
I was able to buy SHFL May straddle first thing this morning for 26 vols(!!!) , they just announced the earning date > 5/18. Watch the IV goes to the moon (already 32 now)
agree. On the first day of such an unusual activity , you should set some flag like "status = Open " and move the stock from universe to WatchList . IMO