MM's and big holders of options killed a bunch of value. Puts got demolished early, then they killed the calls going back down. It is near (IIRC) the upper end of the break even for the straddle of around 480 or so (40 point move)
If this thing rallies tomorrow (like it is rallying NOW AH), I think we'll be laughing at you.
Hope you got plenty of margin to cover your short.
These boards are all the same.
SELL-- it's gonna tank, short, AAAAAAhhhh
BUY --- too the moon, huge buy,
earnings come out, and every prognosticator who luckily called the price move gloats. GPRO should be up with big beats on EPS and rev.
They beat on earnings and revenue + actually made money. #$%$
I saw several trades for 530 and 520 puts for next week that were at 2.30 and 2.20. Premium is in the .55 cent and .20 range.. any idea what the heck is up with that?
In the last hour I saw 3 separate trades for the 530 put for next week at 2.70 while the mark is like .55. Anybody have any idea why such weird trades would happen like that?
With all this action pre-earnings I'm expecting a dump post earnings-- not 100 points though.
Unless they show great numbers + great growth guidance it'll drop after earnings.