I have never seen an IPO crash and burn like GRPN. Maybe buy calls for the mother of all dead cat bounces? It will bounce soon, but when?
Just imagine what the chart would look like if they had taken the "first offer" to go public instead of holding out. :eek:
+1. great observation. also IV is pumped up b/c of the steep fall. if you take a look at the iv from before the fall it was lower. if the stock goes back up the iv will most likely fall and that will work against you. strongly suggest spreading it to mitigate this risk.
My understanding is that GRPN is still losing money every quarter. I don't buy calls on stocks that do that.