• Tom Guttenberger
    If I had free liquidity or a position that I didn't have to pay an outrageous spread to close, I would be hammering calls on WFC today. Ugh.
    9/27/12
    Reply (5)
    • Tom Guttenberger: One of you MMs need to come find me in the middle...what's the old hard-sell - "I just need to balance my books, you are getting a steal!"
      9/27/12
    • Ocean Man: Wish I'd read that a couple hours ago - good call, wasn't watching that one today.
      9/27/12
    • Tom Guttenberger: I ended up trimming some of my puts for a nibble on the 36 OCTs. We will see how it goes.
      9/27/12
    • Tom Guttenberger: Closed these just now. In for .23 out for .71. Volatility rose and smile actually reversed. I am OK with taking time value off the table.
      10/5/12
    • Ocean Man: Nice play. I wanted to re-buy WFC calls a couple days ago on the dip under 35 and missed it (was watching other names that day).
      10/5/12