When is last time Cramer was right about anything let alone a TO , odds are nothing at all is up and rumours are being spread cause this essentially one product company is fading fast and smart money needs to pump up interest before disaster strikes when they reprt so they can unload into all the fools who still listen to Cramer.
Danny, today would be a good day for you to short then............sell, sell, sell!!!
Be ready to buy, buy, buy in a week or 2. I've been trying to buy and just missing so hoping it will leak back to 200-day SMA to pick up more! I need more people like you to help me.....
That trade you are referring to was likely one leg of a spread. Buy way out of the money and sell the premium of at the money or slightly out of the money contracts. Do the long leg first, then the short leg when the premiums are higher.