Most of the put options are flat to down today despite NFLX losing $17.Absolutely criminal.
It's called implied volatility (IV). As you go into earnings, the IV of the options go way up. After earnings are released, the IV comes crashing down.So even if you are right on the direction of the stock price post-earnings move, your positions may not be profitable...This often happens on high flying stocks like GOOG, AAPL, NFLX, etc....It's better to sell an option right before the earnings release and then buy it back at a lower price after the earnings are released....
absolutely right. Option sellers always have an upper hand.. You need a lot of money to sell them :( which means that institutions always stand to gain.
LMAO.....You just figured this out today? How in the heck do you tie your shoes?Watch the Friday pin, Ace.
Know it for years pinhead.Used to happen with YHOO and all the others in 2000.
That alone is not criminal. Volatility implosions are common after earnings. The criminal part is the script.