i'm wrong on the 100s they went from .05 to 1.25 and now their .70 nice bounce off the stock 103.33 to 106.00
I would expect that implied volatility crashed today, since earnings were this morning. The puts still ballooned up because the stock tanked. I put on a long 115/110 put vertical yesterday in anticipation of MA blowing out earnings and the stock crashing...I closed my position this morning when MA was around 109...a little too early as it turns out!:eek:
Actually, to answer the question, the huge intraday swings on those MA puts are basically due to the fact that MA opened up briefly and traded up a few % over yesterday's close, then went way down, leaving a very wide range of prices for the day.
Actually, to answer the question, the huge intraday swings on those MA puts are basically due to the fact that MA opened up briefly and traded up a few % over yesterday's close, then went way down, leaving a very wide range of prices for the day.