Shorted $45 puts for June, for $0.45 that will expire worthless in 52 hours, or I’ll get the stock. It’s moved up like 5% today, to $49. 86% chance it’s profitable.
1% on the $45 investment, or 4% on cash tied up, don’t care how you look at it, it’s >1% / week.
Stock popped 14% on financing deals and production outlook. Smart people I know have been buying it.
I shorted $70 June puts for $0.90. That’s 1.3% in 98 hours, less than a week, on the $70 worth of buying power, or ~5% on cash tied up…depending how you look at it.
11.09% chance for longs breaking even. $2.50 on $50 per share tied up, shorting the $200 puts yields 5% in 5 weeks.
