VRX - time to buy ?

[Michael J. Fletcher]

There is no way this one might be a buy.

 

[Chris Mac]

Remember...with long options, you have some time for the trade to work out....
and your losses are capped.

Wrong : after only 2 trading days, your VRX US C25 is already down -35% !
Maybe -50% at the end of the day and -95% one week later.
And if you bought puts 22.5 rather than calls 25, you would be flat, even if VRX is making news lows today!! Options trading is not that easy. If you want to be long options, you need good timing. Sure you losses are capped, but multiplied by bad trades + slippage = enormous losses.

CM

 

[syswizard]

OK, OK...I definitely was wrong on this one.....now approaching 20.
It's still seeking support.