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InvenSense, Inc. Message Board

  • king_arch70 king_arch70 Dec 17, 2001 10:59 AM Flag

    Straddle Play

    I bought straddle(Jan 45 put & Jan 45 call) last Friday. Today's price action is an indication that a big move much bigger than today's will probably come pretty soon.

    My guess is if INVN closes at or near today's intraday's low then $30 is a real possibility.

    If on the other hand it's able to overcome today's sharp sell-off and to close without losing too much ground, then there is a good chance INVN would move well above $50 in the coming days. So either way, I win.

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    • You better hope the stock moves one way or the other becuase you have paid a huge time premium and the money will go to waste day by day by day.

      I bought puts and was not happy to have to pay so much.

      Worst case scenario for you the stock stays around 45 until Jan 18 and the market makers take your money on the long side and the short side, and the brokers get your commission.

 
INVN
5.91+0.11(+1.90%)11:12 AMEDT