Friday, January 4, 2013

Short TGB Jan 19 '13 $4 Put @ $0.86...


Potential 21.5% return on options expiry...

Effective purchase price of $3.14 if assigned...

I noticed a tonne of call open interest and comparatively few puts, so the market may gravitate towards the upside.


P.S. Here's a snapshot of open interest as of now.  Note thousands of contracts on the call side and only hundreds of contracts on the put side.



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