Discussion in 'Options' started by stock777, Apr 17, 2008.
Must be tons of ya
Looks like the April 500 Calls with be up 50X.
Some of the people in the GOOG trading crowd may be retired for life because of losses, not gains. We'll see. :eek:
Great news for all those that shorted truckloads of 500 calls for some "risk free profits" right before expiration
Fans of Taleb must have scored.
Isn't it amazing .. you don't need a crash to score a black swan. You just need one earnings with mispriced options.
What were the April 500 calls the day before earnings were released?
What do you mean by "mispriced options"?
IV was too low for the option sellers to profit or at least not get wiped out in naked positions. The options were pricing in something like a $30 move and instead what resulted was a $90 move. I'd say the market had the wrong view before the earnings came out. Thats a black swan for you.
(regretfully I only had vertical long call spreads on).
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