I was debating AMZN, but they have a pretty low revenue multiple which seems to be keeping a floor under the stock to some extent. they were some of the cheapest puts, likely related to that, and would have a slower valuation correction i thought... Obviously i disagree with you on ANR
I used to be long ANR at 6.60, but dumped at 8.50 and just recently shorted it. I think it moved way to far too fast considering natural gas has been in the toilet recently and Obama was reelected. You can't forget this company will be losing a lot of money over the next couple years and has been up a lot recently.
James, I don’t short but if I was to short CRM would be one. A five year up trend, lately on speculation of increased earnings while GAAP earnings have been steadily unimpressive. Add to that some increased short interest. It also seems to be artificially propped up by Barons and Forbes – they’ve been hedge fund pimps in the past.
It popped up too quick on contract news but earnings are drab - I like your puts.
I would stay away from Amazon from all directions. It’s a trendy hold with lots of goupies and can surprise the hell out of everyone.