Seeking Alpha
  • Ocean Man
    HLS which I suggested shorting on Friday fell another 6% today. Down 16% since Friday. Sold my puts for a 61% gain in 4 days.
    11/17/11
    Reply (11)
    • Brandon Gibbs: nice ocean man, whats your next short?
      11/17/11
    • Irishmedic: Nice one Ocean
      11/17/11
    • Ocean Man: Still thinking, but will let you know. I'm still short HD and HCSG which have only dropped slightly so far. Guess I'm bearish H-names.
      11/17/11
    • Irishmedic: If you dont mind, can you tell me how you played it, what option did you use?
      11/17/11
    • 1980XLS: Go Scrushy
      11/17/11
    • Ocean Man: Dec 22.50s. Dec 20s would have been a double, but I prefer the safety of deep in the moneys.
      11/17/11
    • Irishmedic: Thank you, I guessed you were deep ITM, I would have went 22.50 also, I am trying to maximise my option trades, so appreciate the info
      11/17/11
    • Irishmedic: The same Dec trade has not moved at all, the b / a has but no actual trade in the same time frame that I can see!
      11/17/11
    • Ocean Man: I always get a kick when the entire volume that shows up on Yahoo is what I did.
      11/17/11
    • Irishmedic: ROTFL, yeah that is a kicker, but scares the hell out of me, I always try to stay with the etfs indexs or the indexs themselves for volume
      11/17/11
    • Ocean Man: I didn't care for that 30-cent bid-ask spread either, but that's what you get on low volume stuff.
      11/17/11