TASR options

The problem I have with this stock is the freaking float man. Only 9 million shares. This stock could run 50 pts either way! LOL. But she is looking really nice with the lipstick and high heels. :)
 
Quote from Maverick74:

I'm not going to do it, I just can't believe the premium is that high. If the premiums got a little fatter I would be tempted to sell the straddle and short the underlying.

OMG, that's crazy-talk. I find the thought of shorting this thing repugnant as it rallies 6-10 handles a day. I'll take some short delta, but I want to get paid for it.

Finding stock to short is another matter, and the synthetic is a dollar-wide.

riskarb
 
Quote from riskarb:

OMG, that's crazy-talk. I find the thought of shorting this thing repugnant as it rallies 6-10 handles a day. I'll take some short delta, but I want to get paid for it.

Finding stock to short is another matter, and the synthetic is a dollar-wide.

riskarb

I think it will look more attractive once it starts to break down a little bit. I'll let it keep running for now. Vol is not going anywhere except maybe up. LOL.
 
Quote from riskarb:

OMG, that's crazy-talk. I find the thought of shorting this thing repugnant as it rallies 6-10 handles a day. I'll take some short delta, but I want to get paid for it.

Finding stock to short is another matter, and the synthetic is a dollar-wide.

riskarb

She-ite, the reversal is trading at over 100bp in edge, but unable to do it as zero shares available.

Trading the synth. long, buying the bids/selling the offers = buying synth. at $97.30 with the shares at $98.40. The wirehouse guys are having a field-day with this issue.

riskarb
 
Quote from riskarb:

She-ite, the reversal is trading at over 100bp in edge, but unable to do it as zero shares available.

Trading the synth. long, buying the OFFERS/selling the BIDS = buying synth. at $97.30 with the shares at $98.40. The wirehouse guys are having a field-day with this issue.

riskarb

correction in bold.

riskarb
 
Quote from riskarb:

You can sell the TASR Apr 70/80 call backspread all day long at a $.50 credit(or better)

Buying 1 TASR APR 70C
Selling 2 TASR APR 80C

No bear risk -- upside b/e is above $90.

riskarb

Riskarb,

Nice....very well done, did you put this on?

rttrader1 -

PS - I didn't have time to read the whole thread....
 
Quote from rttrader1:

Riskarb,

Nice....very well done, did you put this on?

rttrader1 -

No, can't get any inventory to short. The reversal is trading at $1.30bp edge currently -- hitting bids, lifting offers... amazing edge if you can find stock to short.


riskarb
 
Quote from rttrader1:

Riskarb,

Nice....very well done, did you put this on?

rttrader1 -

PS - I didn't have time to read the whole thread....

Actually, that trade is a loser, I had mentioned later in the thread that I didn't trade it.

I am short the May 90 straddle from $29... I responded (erroneously) with the arbitrage present in TASR.

riskarb
 
Quote from riskarb:

Actually, that trade is a loser, I had mentioned later in the thread that I didn't trade it.

I am short the May 90 straddle from $29... I responded (erroneously) with the arbitrage present in TASR.

riskarb

Risk, your take on shorting the Apr 100 staddle next week?
 
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