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Too bad, if miss the train on NEW

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

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6 responses to “Too bad, if miss the train on NEW”

  1. YukTrader Avatar
    YukTrader

    you nailed it…

    Reply
  2. AJ Avatar
    AJ

    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.

    Reply
  3. mde2004 Avatar
    mde2004

    nice one optpun….

    Reply
  4. mde2004 Avatar
    mde2004

    nice one optionpundit…

    Reply
  5. OptionPundit Avatar
    OptionPundit

    Thanks YukTrader, mde and AJ.

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

    Reply
  6. Ng Tian Khean Avatar
    Ng Tian Khean

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    Reply

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