Your nutz! (how much money do you throw away in the market?). Are in-the-money options that out of the question for you people? Anyone consider the risk???
Anyway, congrats to all. I'll be selling 200% of my initial position in the morning and letting the rest ride.
Rock on, man! I am a wuss so I usually buy a strangle; looks like having a big cahones can be quite profitable. ;)
Nonetheless, the bottom will fall out from under it even more if the Fed leaves the rates unchanged on Wednesday. Put in a limit order for $5 for 15 of them tonight, let the rest ride through the rest of the week.
No more than $1 to $1.50 in the morning. After that, if VMW stays close to 60, Feb 55 puts will fall fast. If VMW falls further towards 55, these puts may go up to $2 or $2.50.
It was a mistake to get into these puts. You should have bought Feb 75 or something.