Seeking Alpha
  • Ocean Man
    Bought Jan 12th $141 $SPY puts for $2.15. $3 lower on the strike to cut loss risk in half (vs. the $144's I sold for $4.10).
    12/27/12
    Reply (3)
    • Tom Guttenberger: Most picturesque short charts I've seen all year.
      12/27/12
    • Ocean Man: Wanted to add some more SPY puts, since those $141's were already up 20%, I added $139's instead at $1.76.
      12/27/12
    • Tom Guttenberger: Look like the market is moving along that same line with OTM i.v. much higher. Sort of interesting, I think good for the option player.
      12/27/12