Holding some july puts and bought more august puts today when it was going up. I thought for sure it would sell off at the end. Who would be buying this pig into earnings? The one thing going against us is the market seems to be going gang busters over all the great earnings from intel and GS.
I think I'll be allright with the August puts but lost the Julys. Their outlook cannot be good.
I have a decent amount of the August 11 puts. Just looking for quick appreciation on the cheap premium. Just can't see them having anything but worse than the analysts have them doing. Only fear is how well the did cost cutting. But then again, there has been a few recent examples of companies that did better than expectations on the bottom line due to cost cuts but revenues were lower than expected and they dropped.