Pop QUIZ - ?

Why do I ask - because I feel I would be better off with in the money puts cause this one may be too out the money so i'm wondering what kind of move do i need for a double
 
Quote from chewbacca:

I'm long June 15 2007 QQQQ puts from .48 today.
What kind of move do I need to sell at 1.00????
More...

June 45P, 26d. Need 1.40 handles at static vol/time, so TL is correct.
 
what does static vol/time mean? I'm guessing you mean that if the Qs droped 1.4 to 45 today the puts would be priced at 1.0
what kind of move would be needed for the puts to be priced at .70?
Have a bad feeling about this trade, going to buy some in the money puts.
 
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