Quote from CaptainObvious:
Well hell, you get a cookie for that, and guessed what I did, almost. I sold the Oct. 8's and have yet to buy any Put's. My thinking, however convoluted, is that the price on the Put's today are juiced by expiration and the recent dip down.
I expect a run up during the FDA news next month, just not as much as the pumpers are hoping for. I don't think it will ever get to 9.
