Fnm April 60 Puts

I haven't done much options activity so far this year, but I think I found a good speculation. Anybody else looking at this ?

I put in a low ball GTC buy order for some at the current bid price .25

 

i'll show you 50 at 0.35

on the side, how did you determine that was a good speculation bet?

 

got filled this morning at .25

 

As for why I picked FNM I just think its a pretty good short candidate. I like to short bounces that happen after high volume drops. Fundamentally, there is some question about their credit rating being reduced.