7.34 and 7.33 fell, now 7.32 (but not for long!)
Ya know, people like you make me crazy. Not very often do you have an options legend give you a tidbit like this. 4 times your money in a week. I'm going to bump this big time- they will hit huge tomorrow but next week is the real party.
Folks- there is no question this pig is going down. It will be lower than 6 in a week, maybe even tomorrow. At 6, your 7.5 puts will have gone from 40 cents to $1.50 (plus time premium above intrinsic value, so probably to at least 1.60). At 5, they will be at 2.5, for over 500% return.
Or if you really have big brass ballskis, you could have bought the 6 puts for 6 cents as I did, and when this is 5, you made 1500%. If it hits 4, you make 3200%. You see the power of leverage? This is going all the way to 0, but next week might hold above 5, I don't know. Next week I take my profits and then buy longer dated puts. Buy the January $1 puts for 5 cents and this is going to 0!
7.41 fell, 7.40 fell, 7.39 fell, 7.38 fell, 7.37 fell, 7.36 fell, now at 7.35. Tomorrow is going to be... interesting.
Every single penny gets us closer and closer to 0. For sure we go below $6 next week. it took courage to buy $6 puts on this scam and I did it. Just going down huge forever.
I bought 500 contracts. In other words when this is $5 next week I will have turned 3000 investment into $50k. The bid is 7.41 right now, I suggest you take it.
When this hits $5 next week my puts will be up 1500%. Ive seen worse returns. If it hits 4, I make 3000%. At 3, 5000%. You get the idea. Eventually this hits all those levels and beyond. How can you not see it is going bankrupt?
Bid went to 7.57, 7.56, 7.55, 7.54, 7.53, 7.52, 7.51, 7.50, 7.49, and 7.48. I see it hit 7.45 after hours. Get ready for more pain tomorrow. Don't worry about my puts, I'll make minimum 500% and if this turd hits 5 next week I make 1500%.
I'm told you are the resident pumper so I thought we should get acquainted lol
The bid is at 7.58, as Sheen told Gecko, I suggest you take it.
I bought a whole bunch at 6 cents. Already have a big profit on them, but I am not done yet. As you know, at the current rate of decline (40-50 cents per trading day), CHK will be under 7 tomorrow and 4.50 or less next week. My puts would be 1.50 from 6 cent investment. However I don't want to be greedy, so I will begin selling at 75 cents, for 1150% gain.
7.50s now. Wow! $6 is definitely coming just a question of when. Then 5, 4, etc.
Wow! What a turkey!
I have accumulated 500 contracts at 6 cents cost during the past week. Looking for big gains, right now the calls are showing 13 cents so already I'm up 100%. I am looking for 50 cents on them. CHK will hit 5.50 in 8 days IMO. But even if it goes to 6, I make big profits.
Not bad work if you can get it.