OK -- I am out of sbux dec 32 1/2 puts with a .16 loss. In retrospect - this was a stupid trade. I let my bias ( I hate this stock) get in the way of my judgement.
I have a question. I am new to the board and I might be wrong but copml 60 dollar puts on cop are selling at 2.70 while the stock is at 58. If you sold the puts expecting it to move upward isn't their .70 cents for the taking now?
MNX look at the size that crossed on Jan 170 Puts = 5500 Dec 170p = 3500 @.70 and on mnx AL (Jan 170c) = 3500 take a look at the volume on those strikes today-
I use ameritrade. They have copml which is a 60 dollar put valued at 2.70. The stock trading at 58.25 the values as you said look corect. I sold the copml on ameritrade earlier for 2.95. I just thought it appeared to be too good to be true so I was looking for some advice.
Sorry, I kept looking at Dec options. The Jan COP put is 1.70 ITM so the 1.00 premium you got on the sale of the Jan 60 put looks about right.