gmcr puts

I am in the same boat with short ratio spread (+10 60P / -20 57.5 P). Fortunately I was able to short 700 Stocks @ 55 in AH drop & rebound. After that I will be on hook for the 3 short puts. Could have been worse. Hope fully it will open over 53 to keep my loss to minimum.

 

Wow FF. As they say on the cop shows, "I am sorry for your loss." I certainly hope it is within your risk tolerance and assume it is. Nevertheless, it sucks.

 

gmcr in danger of violating the gap down open despite markets strong rally from open, which is not a good sign.

 

He puts the elite in elitetrader.

 

I hope he doesn't have any guns in his house.

 

incredible. seriously,you should call it quits.
your conclusion was that the buyer was an idiot or just happen to buy the options in conjunction with some other strategy.

 

While selling naked puts can be profitable, it's never easy money.

 

It's easy most of the time... until that one time it isn't.

 

it is never easy money because selling naked options puts you in the insurance business. you are competing against floor professionals who know how to hedge their positions and have a better flow of information.

 

On Yahoo Finance Market Pulse someone posted:

"Im amazed how the news was known all day, but the moves ah"

If true that would be odd for GMCR to drop in AH the way it did if the news was already out.