My option trades

Taking second look at HLF....$70 to $45 in 3 days. Anyone else think its overdone? I think at the very least we get a dead cat bounce. Support used to be right around $52, I think the bounce is at least that high over the next week. I'm thinking of a spread 47.5/52.5 for about $1.90-2.10 range. Once volatility crushes, the 52.5 calls should drop as fast as the 47.5 is climbing with the shares. Might have to test 1-2 contracts on this too.

Dang, the stock is moving so fast, I switched to a 50/55 spread at $1.75...to test it out. At this faster rate, I think it can hit $55, which was the opening price right after the halt and news from einhorn
 
Quote from ryanpatrick:

Taking second look at HLF....$70 to $45 in 3 days. Anyone else think its overdone? I think at the very least we get a dead cat bounce. Support used to be right around $52, I think the bounce is at least that high over the next week. I'm thinking of a spread 47.5/52.5 for about $1.90-2.10 range. Once volatility crushes, the 52.5 calls should drop as fast as the 47.5 is climbing with the shares. Might have to test 1-2 contracts on this too.

Dang, the stock is moving so fast, I switched to a 50/55 spread at $1.75...to test it out. At this faster rate, I think it can hit $55, which was the opening price right after the halt and news from einhorn
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This thing was at $20 as early as 2010.. no reason to believe it won't go any lower.

As for the bounce back, your thinking probably has some strength... I'm just not sure if I would risk even that... remember, Imp vol could rise even if the underlying goes up- indicating further uncertainty regarding the future direction.
 
Quote from atticus:

I'll straddle -> fly it off if the shares touch 117.50.
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Short the synth May18 115 straddle from 13.10 (net w/short shares from 119.50). Will fly it off on Monday or a touch of 115 today.
 
Because my account isn't nearly as big as most of you guys and because I don't have anywhere near the knowledge of trading options, I have sold the following simple put spread:

ETA: I screwed up the initial order and forgot to change the quantity, thus the two separate orders.
 

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Quote from ryanpatrick:

Taking second look at HLF....$70 to $45 in 3 days. Anyone else think its overdone?
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Yeah, I think it is overdone, but I lost $275 (on 50shares) day before yesterday buying the stock on the dip. Just sold a put spread and posted about it in this thread. Hope to get some of that money back.
 
Quote from probe1957:

Yeah, I think it is overdone, but I lost $275 (on 50shares) day before yesterday buying the stock on the dip. Just sold a put spread and posted about it in this thread. Hope to get some of that money back.
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I can't touch stocks like HLF, but I like your bull-vert.
 
Aaaaah! Probe 1959

Thankyou! I´m glad I´m not alone. :)

Atticus, care to explain the synthetic straddle and being turned into a fly, now I sort of semi-understand the setup of both.
 
Quote from atticus:

I can't touch stocks like HLF, but I like your bull-vert.
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Thank you. But it is looking like an ugly day for a bullish position on pretty much anything.
 
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