I couldn’t resist – I bought 400 Nov 55 puts for .55, the stock was looking so pathetic. I sold 400 50 puts for .15 so my net cost is only .40, with any luck we will close in on 57 this week and I can collect a buck. I would be dumbfounded (and buying a new car) if my $50 client ends up in the money…. Google was a wimp out for me, I should have held that one longer but that stock is just scary the way it fluctuates. I still say it will hit $360 before it turns back but not with my money on it. Maybe I should get the $380 put for $5.3… Nah, it’ll turn back the second I buy it!
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