NTRP Down 55% to 8 BUT!

This is why the options markets are a mine field

Down large from 17 to 8

Over the weekend

10 puts , and lower

LOSERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

interesting is the 2 day chart. positive rumors must have been rampant on friday.
also interesting is that the may 19 17.5 put closed at 6.95 on Friday.

 

Their Alzheimer's drug trial failed to meet expectations.

 

what does that have to do with my post?

 

You are right, that should have no bearing on their stock price and options prices.

 

You are correct, your post completely missed my point, which is now located on top of your head.

Maybe it wasn't perfectly clear, I was talking about the fact that DEEP out of the money puts were LOSERS even though the stock took a profound stinky dump.

Get it?

 

I suggest you look at IV and calculate puts/calls using BSM before, during and after the announcement.

Peace. I am not trying to educate you, I am a small retail trader, new to options trading, so just a shot in the dark. And trying to be helpful.

Best wishes.

 

Look at the delta and the vega components. Which was it most sensitive to.

 

lol, I understand what happened. Could have seen it coming. Just saying , how many blindly buy options thinking they will be paid if X happens, and they are shocked to find they were taken for suckers.