Quote from hajimow:
looks like your gamble paid off:
those c are quoted @3.80/4.00 now
nice trade
Bitstream : I liked your post . It looked a pure gambling to me too but it made sense for that low premium.
Now I believe that it is a good time to short or buy March PUTs for 340.
Quote from hajimow:
When I said it will close below 350, it was already at 360. I believe today shorts were caught by a correction that I felt it is happening two days ago. Shorts were caught as longs were caught when it dropped. I think it will gradually give back its gain till tomorrow. The guy who bought calls at 55 cents got 900% profit in a day !!!
Quote from Peppy:
Unbelievable, have to agree it's a dumb move to buy feb 360c. I am just glad I closed out most of my puts (hard to imagine seeing all those unrealized profit vaporize right in front of my face).
Quote from $CostAverageMAN:
Nice trade My friend!!!
Nice trade!!!
Theta loss covered in a day, Vega throught the roof, and you bought on an unch day MAJOR KUDOS.
Now you need a Sucker out there to purchase them from you tommarrow.. No prob i would sell on the open, If you didn't already. .55 to 3.40 (Triple the return on this one day trade than any one who bought the day of GOOG IPO)
Everybody LONG ( IN MOST STOCKS) is a winner this week.