GM 1 Strike Puts

Quote from Uncle_Ho:

Does anyone know what the implied volatility on that is, anyone look that up quick?
More...

On what? The stock itself is trading around 200%, the June 1P are trading 650%.
 
"free money" from buying or selling GM puts?

Quote from stock777:

Are there any traders who haven't gone all in on the GM put free money trade?
More...
 
Quote from Uncle_Ho:

I am, this thing is rediculous, I'm all in.
More...

all in what? selling puts? you have to understand that this is like a biotech stock awaiting a decision on a drug approval. june 1 comes and gm files for bk then the common is worth 0.

further the common is trading at these elevated levels because it is not shortable. if it were shortable then we would likely see the price closer to what the options market is implying.
 
Quote from robbie380:

all in what? selling puts? you have to understand that this is like a biotech stock awaiting a decision on a drug approval. june 1 comes and gm files for bk then the common is worth 0.

further the common is trading at these elevated levels because it is not shortable. if it were shortable then we would likely see the price closer to what the options market is implying.
More...

And it won't be shortable. Even after June 1, stock isn't just gonna go to 0, otherwise it would already be there as we already know that they will be filing for BK. There is no doubt there.
 
You must log in or register to reply here.
Back
Top