“Yeah, I’m lovin the August 32.50 puts I bought yesterday. The BSC puts are performing favorably as well. This could very well be the day the indexes begin to collapse.”
That’s when I bought as well.. I had a bunch of Jan 08’s but I wanted more volatility since I thought earnings were going to be bad. I sold half this morning for +165% and the other half just before the close managed to get just above 200% @ $3.50 or .10c below the high.
I’m thinking tomorrow we might see a 2-3% jump, and at that point I’m looking to get back into some Jan 32 or maybe even 25s!
Keep an eye on the KBH puts too.. I bought some 20s quite a bit out of the money, and they’re up just a little over 100% in the last 3 trading days.
