GS puts

@ 130,
bought for May, June and July

 

Why?

 

I'm not gonna pay a lot for this muffler.

 

Because there isn't a casino nearby

 

Any particular reason? Do you have reason to expect some huge move? The daily chart looks to be in a fairly slow downtrend and GS doesn't report until mid July.
Won't time decay really crush you on those May/June positions?

 

Hey, buying OTMs, you only need to be right once. Selling 'em, you gotta be right every time.

 

sold May130 @ 0.27
must be early again, but it's close to 3X

 

funny, i sold a bunch of may 135's...to open

 

sold couple more June @ 1.32,
now everything left is free.
3 June 130 puts and 5 July 130 puts.

will let them run to expiration.

 

bought 5 more 130 Oct puts,
I feel this could be my biggest winner this year.