Is anyone else throwing away money every day trying to trade that stock? I'm not talking position trading... intraday trading.
Well, ok, but take any profit you get today quickly as it creeps back over 15 November puts yesterday would have been nicer! I looked at that stock yesterday, amazed to see it going higher while all the decent stocks were dropping. I should have known to bet it would drop. I would have made 6 times my money or more
THC has tainted its entire sector and caused big losses in outstanding performers like UNH and WLP. The big question of course is whether the corruption is limited to THC or is it widespread. You have to think if it is THC only the Republican congress will be good news for these stocks. Rather than buying calls, I would consider playing this with a put credit spread or perhaps even a backspread. That way the pumped up vol's work for you.