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Too bad, if miss the train on NEW

Published on March 12, 2007

Too bad, if miss the train on NEW

March 12, 2007

The shares are halted and in the pre-open market, those were down by 56% to $1.42. I think this has to with the news in WSJ Online that just few hrs back I had referred in previous post. I am waiting for it to open so I can sell my puts and be rewarded for being ahead of market. Now there is really not much left and I will not try to squeeze last dollar from NEW’s fall.

Read the full news about NEW in the market watch here.

Other good adjustment was converting bullish position of MER into bear call spread. Read details here.

Be ahead of other opportunity and join my OptionPundit’s Agloco network. I sincerely appreciate those OP readers who have already joined the network.

Profitable trading, OptionPundit

6 Comments

  • Avatar AJ says:

    Hi OP,
    Is there a way that a trader can profit from a very high Implied Volatility during earnings? I’m not sure if you’ve covered that topic already on your site, I wasn’t able to find it.

    Thanks,
    AJ.

  • Avatar mde2004 says:

    nice one optpun….

  • Avatar mde2004 says:

    nice one optionpundit…

  • Avatar OptionPundit says:

    Thanks YukTrader, mde and AJ.

    Dear AJ, I have discussed about high IV extensively, check out “backspread” category. There are a lot of examples.

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