Seeking Alpha
  • neobliviscar
    $YUM What is going on? At $60 Tues morning sold the $60 puts. Now near $66. I know the news was partially baked in, but +10% in 4 days?
    2/8/13
    Reply (6)
    • weed: $YUM, ya just can't keep it down!
      2/8/13
    • neobliviscar: Annoying as heck. Hoped to roll to the March options, but bounce has me switching to sell calls. Oversold to overbought in 4 days. No News?
      2/8/13
    • SKS1586: Congratulations.
      2/8/13
    • neobliviscar: Thanks, but pshhh.. I could have sold the $62.5 puts and made half my month in one trade. I'm a bit mystified by the size of the bounce.
      2/8/13
    • pollyserial: Seems like counter-intuitive short squeeze is the high liquidity can't lose algo play of the moment? (rimm nok amzn hlf iyt etc)
      2/8/13
    • neobliviscar: Doesn't suck. That was my sort of reasoning, since $YUM had released, re-released, & fin reported the China news. 3x beaten on same cause
      2/8/13