Thursday, August 29, 2013

Into F Sep 21 '13 $16 Puts @ $0.22...


Was looking for something to fade and noticed this issue with a tonne of open interest...

Open Interest = 27322

Implied Volatility = 26.30

Current Price = 16.53

Monthly High On Issue = $1.98

4% move downwards in underlying price would put me in the money...


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