Seeking Alpha
  • Brice Mckalip
    Gotta say that I like the short side of KCG's puts, the $2.5 Jan's $0.75 bid looks rich.
    8/2/12
    Reply (5)
    • Bret Kenwell: was noting that as well. IV through the roof making options VERY expensive.
      8/2/12
    • realornot: KCG can turn around with a blink of your eyes. dangerous stuff.
      8/2/12
    • Bret Kenwell: that would be good if you were short the OTM puts though.
      8/2/12
    • OneLongTrade: I'd be a little wary since if they require financing for one day's worth of trading losses, they could go bankrupt if this occurs again.
      8/2/12
    • Bret Kenwell: One could sell the Aug $2.50 puts for .40. You'd have to make it 2 weeks without bankruptcy or another gap down before they expired.
      8/2/12