BSC price rumor

Quote from JayS:

At $2 a share for BSC and his breakeven at $12 (right?) its a pretty decent loss... ...but one I'm sure Atticus will come back from.
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Only a 10 lot. Made many multiples of that back in ES and FX tonight.
 
dont worry atticus, I've had black swans a few times

we all go thru them, not fun but you have to kneel before the God of red ink sometimes
 
Quote from daddyeaux:

dont worry atticus, I've had black swans a few times

we all go thru them, not fun but you have to kneel before the God of red ink sometimes
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the buyout for $2 was not a black swan. after the bankruptcy rumors all last friday and the 50% drop in stock price, you cannot consider this a black swan. sept 11 was a black swan -- absolutely no one saw that coming (except the hijackers).
 
Quote from blackjack007:

the buyout for $2 was not a black swan. after the bankruptcy rumors all last friday and the 50% drop in stock price, you cannot consider this a black swan. sept 11 was a black swan -- absolutely no one saw that coming (except the hijackers).
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whatever..
 
Quote from atticus:

Care to wager?

The point was that this take-under was a foregone conclusion. That was the whooshing sound you heard as you read my post.

$20/share.

I sold the Apr 30 straddle at 18.00.
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Out of the straddle on the print of $12.86 on my short-spot. Small win. 30C is a dime offered. $17.34 buys the APR 30 synthetic straddle.
 
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