Anyone catch this earlier today?? They are already up like 900% & expire tomorrow, but RMBS looks poised to burst $20. Nice volume so far at 35000+ contracts.
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RMBS Nov $20 strike calls
- Thread starter DeltaSpread
- Start date
LOL
Now up 1800%. Gotta love expiration Thursday/Friday. Where you can buy something thats already gone up by $900% and still double your money on top of that.
Now up 1800%. Gotta love expiration Thursday/Friday. Where you can buy something thats already gone up by $900% and still double your money on top of that.
I just sold my worthless Nov 25 call @ 0.10. RMBS imp volatility is going thru the roof. The max pain is still around 17.5. It is a good example that the max pain theory does not work for liquid stocks.
Now I am praying for SBUX to move down after the earning tonight.
Still waiting for OSUR to break above like RMBS.
Now I am praying for SBUX to move down after the earning tonight.
Still waiting for OSUR to break above like RMBS.
Quote from zxcv1fu:
I just sold my worthless Nov 25 call @ 0.10. RMBS imp volatility is going thru the roof. The max pain is still around 17.5. It is a good example that the max pain theory does not work for liquid stocks.
Now I am praying for SBUX to move down after the earning tonight.
Still waiting for OSUR to break above like RMBS.
SBUX now 37.10 :eek:
Anyone wanna bet a penny RMBS breaks $25 on expiration Friday??
$20.46 possibly target for me.
Quote from TorontoTrader2:
More likely to break $20 (in my humble opinion!) :eek:
LOL - nice, i thought there might be a little gas left with the ridiculous amount of calls purchased yesterday. I think between the $20 & $22.50 strikes, there was something in the neighborhood of 80000+ contracts purchased and keep in mind, a good chunk of that move was missed by most, so the calls werent cheap.
It made a good run at the open popping $23+ easy and now fell on its face. The $22.50 calls are dead now dropping 900%, so hopefully some people got out.