Seeking Alpha
  • Ocean Man
    Bought weekly $155 $SPY puts for $0.54 (expire today). SPY at $154.66.
    4/5/13
    Reply (7)
    • dvaughan22: In it as well at 154.62. Maybe we'll see some more downside volume here shortly.
      4/5/13
    • cheznazi: why would one do that? And should I as well?
      4/5/13
    • Buffet_or_Broke: Because there is virtually no time value baked in?
      4/5/13
    • Paul Frederickson: That's one hell of a bet, hope you didn't put too much money in it. I'm pulling for you and wishing you the best!
      4/5/13
    • Buffet_or_Broke: So at 154.46 that puts you in the money?
      4/5/13
    • Ocean Man: Correct. I was up 48%, but got greedy and then stopped out at break-even.
      4/5/13
    • Optionstrader7: told you to buy the 155 calls
      4/5/13