What price to buy Lehman?

[oriol88]

bought at 4.18

pure gambling

waiting for the 7-8 $ levels

 

[oriol88]

recovering the fees

 

[newguy05]

sold some sept 5P at $2, max risk 3pt. I will let it get assigned if it is itm at expiration. $3 for leh, after a 80% drop in 1 week of bloodbath + panic. I will take the risk.

 

[BeatingtheSP500]

Quote from newguy05:

sold some sept 5P at $2, max risk 3pt. I will let it get assigned if it is itm at expiration. $3 for leh, after a 80% drop in 1 week of bloodbath + panic. I will take the risk.

That's about as close to a binary trade as you can get (well you can get closer)

 

[Daal]

Quote from newguy05:

sold some sept 5P at $2, max risk 3pt. I will let it get assigned if it is itm at expiration. $3 for leh, after a 80% drop in 1 week of bloodbath + panic. I will take the risk.

sep 08?how did you got $2 for those

 

[newguy05]

Quote from Daal:

sep 08?how did you got $2 for those

1) Highlight the sep 08 $5 strike put
2) Set the limit price to $2
3) Click the sell button

...........

ps well now it's printing around 1.9

 

[blackbook]

Quote from Cutten:

What kind of price would be very cheap to purchase LEH - or is it going to $0?

'$2.00'

 

[ElCubano]

s 500 @ 4.86 and 500 @ 4.90.....lunch is on me cutten.....

 

[newguy05]

Quote from ElCubano:

s 500 @ 4.86 and 500 @ 4.90.....lunch is on me cutten.....

are you scalping? otherwise you must be batshit crazy to short this long term.

 

[ElCubano]

Quote from ElCubano:

sheeeesh very tempting indeed...

edit i got $4.28 as well....looked better at $3.95 i got to tell ya...