lmao RIP to a lot of people...Saw several naked put holders when I was searching about.Stock now trading at $4 (from $30 earlier today)...
The market makers don't make directional bets. If they do they are now flipping burgers and you can have fun with wives when they are at work.Looks like I was wrong in my OP and the market knew best...
lol you say that like you have had some fun with wives while hubby was breaking his back at work...The market makers don't make directional bets. If they do they are now flipping burgers and you can have fun with wives when they are at work.
Selling straddles is a directional bet.lol you say that like you have had some fun with wives while hubby was breaking his back at work...
And i know what you are saying, every position they add is balanced/hedged instantly in one way or another and they are almost always delta neutral.
What I meant by the comment you quoted was in relation to option premium, not direction. The market anticipated a huge move in either direction and was correct. my OP was basically asking the question "are these options overpriced (both calls and puts due to high IV)? If so, lets sell some premium..." And I was dead ass wrong.