Someone just bought 1,500 Goldman Sachs Jan. 11, 2.50 puts.

[El OchoCinco]

Quote from schizo:

Enlighten this noob but how the hell could 1,500 put option contracts with the strike price at $2.50 be only worth $4,500? It should be $375,000, no?

Whose the noob???

 

[johnnyqpublic]

Quote from krazykarl:

Because they cost more....


Does anyone trade greeks around here?!?

Well, no, in all fairness, $4500 of puts @ 50 still cost $4500.

 

[johnnyqpublic]

Quote from schizo:

Enlighten this noob but how the hell could 1,500 put option contracts with the strike price at $2.50 be only worth $4,500? It should be $375,000, no?

I see what you did there.

 

[krazykarl]

Quote from johnnyqpublic:

Well, no, in all fairness, $4500 of puts @ 50 still cost $4500.

lol. fair enough...

 

[krazykarl]

Quote from Brandonf:

I heard about a guy who bought 1000 lotto tickets at 7-11 not that long ago. Wonder if he has some inside info?

^winnar.





/thread

 

[KINGOFSHORTS]

IV on this thing is 203.76

Definitely a hail mary bet.

 

[ASusilovic]

Quote from Martinghoul:

Omigod, the world is ending, 'cause someone spent $4.5k on some stupid puts to hedge some tail risk. Quick, someone tell the SEC/FDIC to get the bailout money ready.

Sorry for the sarcasm, but, honestly, what is the big deal?

I adore "six sigma" events ....hum, twelve sigma events....

 

[Chuck Krug]

In Soviet Russia stocks short you!