Quote from FSU:
LOL I agree. I said they were tempting to sell, but I ain't gonna do it, even if is only a one day play.
Tempting to sell? On what planet? Let me make sure I heard this right? You are saying that earning $5, yes not even the price of a value meal at McDonalds and tieing up thousands in margin is tempting? The same thousands that could be deployed elsewhere and earning a return greater then $5.
BTW, the bid is most likely not some smart insider, but rather someone bidding to buy back puts they sold 200 handles lower. Vol is actually DROPPING now, not rising. Premo is super cheap. It sure as hell ain't indicating a sizable move.
I'm just trying to get my head around the logic of freezing all the capital in one's account for the equivalent of spare change in the avg man's wallet.
