So who retired for life going all in on ootm GOOG

[stock777]

Must be tons of ya

 

[forex-forex]

Quote from stock777:

Must be tons of ya

Looks like the April 500 Calls with be up 50X.

 

[nazzdack]

Some of the people in the GOOG trading crowd may be retired for life because of losses, not gains. We'll see. :eek:

 

[makloda]

Quote from forex-forex:
Looks like the April 500 Calls with be up 50X.

Great news for all those that shorted truckloads of 500 calls for some "risk free profits" right before expiration

 

[stock777]

Fans of Taleb must have scored.

 

[scriabinop23]

Quote from stock777:

Fans of Taleb must have scored.

Isn't it amazing .. you don't need a crash to score a black swan. You just need one earnings with mispriced options.

 

[wilburbear]

Quote from forex-forex:

Looks like the April 500 Calls with be up 50X.

What were the April 500 calls the day before earnings were released?

 

[forex-forex]

Quote from wilburbear:

What were the April 500 calls the day before earnings were released?

$.50

 

[forex-forex]

Quote from scriabinop23:

Isn't it amazing .. you don't need a crash to score a black swan. You just need one earnings with mispriced options.

What do you mean by "mispriced options"?

 

[scriabinop23]

Quote from forex-forex:

What do you mean by "mispriced options"?

IV was too low for the option sellers to profit or at least not get wiped out in naked positions. The options were pricing in something like a $30 move and instead what resulted was a $90 move. I'd say the market had the wrong view before the earnings came out. Thats a black swan for you.

(regretfully I only had vertical long call spreads on).