lottery -> MCP May 50 puts

got two @ 20 cents.

 

That's 15% OTM with 3 days left. :eek:


PS .... why do people rate this thread a 1 star? I gave you 5 stars for posting such a gutsy trade.

 

The current bid for the May 50P is $0.05, which equates to an unrealized 75% loss.

 

I should have been paid $30 (+$4 in commissions) just to have wasted my time with this thread.

 

FYI

mikeenday holds the ET record for largest percentage gain ever for a trade posted in progress on ET. $0.25 to $5.00 = 1900%
http://www.elitetrader.com/vb/showthread.php?s=&threadid=219693

He broke the previous record of 770%, held by me.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=219349