Tue, May 21, 2013, 12:43 PM EDT - U.S. Markets close in 3 hrs 17 mins
I'll check the furthest out options first. I see no rush IIVI it could go down to 16 again but I'd hope the stock buyback would hold it there.
Trading lot at 17.80 yesterday.
If I could get a buck lower today I'll likely double that buy - but may do APR/JUL calls instead.
Remember IIVI is still cyclical.
FYI large volume call buying (for IIVI) in APR 17.50's today 218 contracts and only 66 had been open. Tyey likley paid 1.00 each earlier today. Now B/A .75/.85
Making this date/strike by far the most popular for IIVI.
I'm interested in shorting put options again, but the spread is way too much. I need the pps to drop to less than $16 to make a decent profit.