Are options trades going to be busted?

Discussion in 'Options' started by KINGOFSHORTS, May 6, 2010.

  1. I was able to close out some of my long puts for some insane prices (May puts).
  2. Depends if the underlying were in the danger zone. If they were when you sold then those prints on the underlying will have never happened. Haven't looked at chains today, but the delta had to be nuts on some issues.
  3. I've been wondering the same thing.

    I trade SPY options and there were many that dropped to .01-.15 and were 90% or more away from the last trade price.

    It was insane !