Eln- August $15 Puts Up 10,300%!

Unreal.

http://finance.yahoo.com/q?s=ELNTC.X

ELN Aug 2008 15.0000 put(OPR: ELNTC.X)
Last Trade: 5.20
Trade Time: 2:03PM ET
Change: 5.15 (10300.00%)
Prev Close: 0.05
Open: 0.20
Bid: 5.10
Ask: 5.30
Day's Range: 3.40 - 5.20
Contract Range: N/A - N/A
Volume: 3,150
Open Interest: 173
Strike: 15.00
Expire Date: 15-Aug-08

Quotes delayed, except where indicated otherwise. For consolidated real-time quotes (incl. pre/post market data), sign up for a free trial of Real-time Quotes. Chart not available


Add ELNTC.X to Your Portfolio
Set Alert for ELNTC.X
Download Data
Add Quotes to Your Web Site

 

IB shows a low of $3.40

 

his fantasy is referencing the nickel it closed the day before. Prob on the bid which cuts the return in half at 10 cents, and you would probably have to make 500 trades to catch one winner like this.

 

No fantasty-- when i saw it tanking afterhours yesterday around 4:30pm, I checked out the august 15 puts for the heck of it and saw no bid and an offer of .05.

Last trade was .05 and the volume was somewhere in the range of 73-75 contracts. So it did indeed trade at .05.

 

tHAT WAS ME BUYING AT 4:29

YOU HAVE A SHARP EYE

 

Crazyness.

$1,000 invested would be quite a bit of money.

might as well be the lottery with options like that though.

 

Anytime you actually try to hit something like this it will never work out...but woudn't it be nice?