Amazing Short Straddle Opportunity right now

B

BBSLamer

For those with fire power, great short straddle opportunity right now on KODK.

KODK 8/21
You can short the 7.50 Call for 3.80, short the 7.50 put for 1.95
You are profitable if KODK closes anywhere from 1.75-13.25 in Aug.

I have no position, just wanted to bring this great trade to the attention of anyone interested.
 
I wish I knew how to trade options like that. I only know about simple puts and calls. Because that trade sounds like an absolute winner.
 
S2007S said:
I wish I knew how to trade options like that. I only know about simple puts and calls. Because that trade sounds like an absolute winner.
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?
It's not that hard of a concept. What don't you understand?
 
TheGoonior2 said:
but you'd be wise to add some garbage wings...at least on the call side
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Two thumbs up on that one. 43M shares outstanding, but only 8M in the float.

This thing could possibly do the short squeeze from hell. I'm talking $25 plus....
Too funny.

ET Traders... Buy a few hundred shares when it goes below $8
 
My first instinct was that it's a short squeeze too. But then I checked, it looks like only 1.7m short vs 22m float, which is under 10% (according to yahoo, if you can trust their numbers). After today's squeeze, not sure there are many shorts left. Which is why I didn't add the wings onto my proposed trade.
 
BBSLamer said:
My first instinct was that it's a short squeeze too. But then I checked, it looks like only 1.7m short vs 22m float, which is under 10% (according to yahoo, if you can their numbers). After today's squeeze, not sure there are many shorts left. Which is why I didn't add the wings onto my proposed trade.
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Yeah but that short data is almost 15 days old, based on the stock when it was languishing in the terrible $2's. But oh yeah... those cats got burned in a big way. There's some sick puppies out ther right now as we type. I mean career ending sick.

But with all that said... a whole new party just started. I'm gonna love watching this one. More to follow, gotta check the option volume. :cool::thumbsup::thumbsup:
 
vanzandt said:
Yeah but that short data is almost 15 days old, based on the stock when it was languishing in the terrible $2's. But oh yeah... those cats got burned in a big way. There's some sick puppies out ther right now as we type. I mean career ending sick.

But with all that said... a whole new party just started. I'm gonna love watching this one. More to follow, gotta check the option volume. :cool::thumbsup::thumbsup:
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Yes, should be interesting to watch for sure. Fidelity doesn't offer short data for some reason, and Yahoo only updates every 2 weeks as you stated. Where do you find accurate (preferably up to date) short data? I remember once getting the data straight from FINRA (short volume), but even those numbers are incomplete at best, as I recall. I'm pretty sure the 14 day lag is due to the regulatory issues (data need not be reported right away). All that said, do you have a source for more current short data?
 
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