Anyone playing THC tomorrow?

Discussion in 'Trading' started by jefsut, Dec 19, 2002.

  1. jefsut


    THC halted today, and tomorrow looks to be a wild day.

    Anyone have a strategy for plays like this? I'm thinking we could have one of those gap down hard then hard bounce situations.

    Think of all the put holders who may buy the stock in the morning to lock in their profits (because it's hard to sell puts quickly the first 15 minutes of trading).

    With impeccable timing, I sold my Dec 17.5 puts yesterday, thinking the worst was over and the puts would go out worthless. Dumb! Now I'm holding covered calls and some plain old common stock. Woe the luck!