What price to buy Lehman?

bought at 4.18

pure gambling

waiting for the 7-8 $ levels

 

recovering the fees

 

sold some sept 5P at $2, max risk 3pt. I will let it get assigned if it is itm at expiration. $3 for leh, after a 80% drop in 1 week of bloodbath + panic. I will take the risk.

 

That's about as close to a binary trade as you can get (well you can get closer)

 

sep 08?how did you got $2 for those

 

1) Highlight the sep 08 $5 strike put
2) Set the limit price to $2
3) Click the sell button

...........

ps well now it's printing around 1.9

 

'$2.00'

 

s 500 @ 4.86 and 500 @ 4.90.....lunch is on me cutten.....

 

are you scalping? otherwise you must be batshit crazy to short this long term.