INSP another big IV calendar skew

MYDemaray · Apr 27, 2004

not just you...they have been going down...

AAAintheBeltway · Apr 28, 2004

INSP missed, down 5 afterhours. Tomorrow should be interesting. I'm short the 40 straddle.

Riskarb, are you going to adjust now or ride it out?

MYDemaray · Apr 28, 2004

Big bounce in after hours...

AAAintheBeltway · Apr 28, 2004

yeah, it was down 5 and change and now has come back to even. Unreal. You have to adjust this by the minute.

riskarb · Apr 28, 2004

HAHAHA! Vindication!

(Thank you, Dark Lord)

riskarb · Apr 28, 2004

Quote from AAAintheBeltway:

INSP missed, down 5 afterhours. Tomorrow should be interesting. I'm short the 40 straddle.

Riskarb, are you going to adjust now or ride it out?

Funny thing... I totally flaked and forgot they reported a/h today. I don't hedge 10 lots or less, but it's moot as the sucker was a gift when it went + a/h. I normally wouldn't hedge this, but I just sold 200@$41.

Hello_Dollars · Apr 28, 2004

Quote from riskarb:

HAHAHA! Vindication!

(Thank you, Dark Lord)

You're thanking yourself? That's weird.

riskarb · Apr 28, 2004

Quote from Hello_Dollars:

You're thanking yourself? That's weird.

I would've been long OSIP if I were... Instead I am long GNTA.

Dark Lord, Jr.

AAAintheBeltway · Apr 29, 2004

Some crazy action in INSP today. It got killed last night, magically recovered, then gapped down this morning, sold off, rallied strongly, then sold off again. Can't you guys adjust your hedges and let this poor thing sit at 40 until expiration?