Seeking Alpha

  OpenTable, Inc. (OPEN) - NASDAQ

  • Rocco Pendola | Send Message 8 Nov 2011

    Congrats if you shorted $OPEN. What a tank. I missed that one. And I still believe in what they do. Think they have poor mktng maybe?
    Reply (6)
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    • Ocean Man | Send Message 8 Nov 2011
      : I did, but I've never seen so much implied volatility come out of a put. I had at the money, and a $6 drop was worth $1.50.
    • bilton | Send Message 9 Nov 2011
      : That's the problem with buying momentum play reversal options. Most of the value is emotional. Better to short the stock.
      OPEN vs. ETF Alternatives
      Company Description
      OpenTable, Inc. provides solutions that form an online network connecting reservation-taking restaurants & people who dine at those restaurants. Its solutions are Electronic Reservation Book for restaurant customers and reservation website for diners.
      Sector: Services
      Country: United States