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I feel like gambling LEH calls!
- Thread starter jonbig04
- Start date
I was taking this the other way and looking at the July 25.00 Puts
Uhhhh I hate to burst your bubble but when it seems like every news agency in under the sun is circulating rumors that LEH is in trouble, any call options are a gamble. Shit one could make the case that call options that far out of the money, expiring in a matter of weeks are always a gamble.
There are rumors flying all over the internet...saying LEH is the next BSC etc etc, but no one really knew about BSC. Besides I tend to believe the opposite of what everyone thinks. Ill probably lose the money yea, but who knows maybe LEH comes out with information that completely exonerates them...that could cause a pretty large short squeeze. Its a gamble.
There are rumors flying all over the internet...saying LEH is the next BSC etc etc, but no one really knew about BSC. Besides I tend to believe the opposite of what everyone thinks. Ill probably lose the money yea, but who knows maybe LEH comes out with information that completely exonerates them...that could cause a pretty large short squeeze. Its a gamble.
I sold my last put today and bought a vertical spread (+30, -33) on June for the call side ...
The vol is just so goddamn high it makes it hard to justify buying outright calls.
The co has a 6B larger cash position ... The news is too public. I'd be willing to say making the bet that it won't be a collapse is likely the winning one from here. (just don't pay too much for vol, because you could be right and still lose $$$ that way ... this may only move to 35, since dilution might occur regardless)
The vol is just so goddamn high it makes it hard to justify buying outright calls.
The co has a 6B larger cash position ... The news is too public. I'd be willing to say making the bet that it won't be a collapse is likely the winning one from here. (just don't pay too much for vol, because you could be right and still lose $$$ that way ... this may only move to 35, since dilution might occur regardless)