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GS puts

  • #1
  • First Post: Apr 17, 2010 12:13pm Apr 17, 2010 12:13pm
Anybody buys these before expiration?

OTM puts could have netted ~$1,000,000 with < $2000 investment.
  • #2
  • Apr 17, 2010 12:14pm Apr 17, 2010 12:14pm
Take a look at the range.
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  • #3
  • Apr 17, 2010 12:26pm Apr 17, 2010 12:26pm
Fantastic !
That reminds me of the good ol' days, back in '07, when trading was still trading... Lost 99% of my account trading options many many many times.... And I'm still scared when people talk about options... The stigma I guess... or PTSD
  • #4
  • Apr 17, 2010 12:33pm Apr 17, 2010 12:33pm
Would have been nice if you could stand the visit by the SEC.
  • #5
  • Apr 17, 2010 12:40pm Apr 17, 2010 12:40pm
Quoting Bankshot
Would have been nice if you could stand the visit by the SEC.
The SEC actively encourage fraud as long as you don't take money from rich investors.
That's a fact.
Making a mere 1 million profit means that they would let you go.
  • #6
  • Apr 19, 2010 8:56pm Apr 19, 2010 8:56pm
Quoting lcfxtrader
Take a look at the range.
Could you expand a bit more on what happened here please?

Im in the process of reading options demystified at the moment but I still feel like Im missing something here.


So if someone bought a put on the money for 2,000 they would make 1,000,000.

Was the news about the law suit available to the public before this spike down?

Would the maximum risk of loss in buying the 2k put, be 2k?

Ive noticed people saying that slippage is more of a problem with options than forex for example due to the low liquidity. Does this mean stops are often ignored resulting in a larger than expected loss?
The greatest force on earth is compound interest.
  • #7
  • Apr 19, 2010 10:12pm Apr 19, 2010 10:12pm
Quoting Intensity
The SEC actively encourage fraud as long as you don't take money from rich investors.
That's a fact.
Making a mere 1 million profit means that they would let you go.
Better be careful telling the truth. The most lucrative money in the world is shorting low priced stocks, is anyone here able to do that? Didn't think so. Unless we have some guys from Lichenstein in here.
  • #8
  • Apr 20, 2010 6:40am Apr 20, 2010 6:40am
Quoting sebastionay
Could you expand a bit more on what happened here please?

Im in the process of reading options demystified at the moment but I still feel like Im missing something here.


So if someone bought a put on the money for 2,000 they would make 1,000,000.

Was the news about the law suit available to the public before this spike down?

Would the maximum risk of loss in buying the 2k put, be 2k?

Ive noticed people saying that slippage is more of a problem with options than forex for example due to the low liquidity. Does this mean stops are often ignored...
If you could have bought near the low range & closed the option for an increase of $13.85 (46066.67% return) after slippage it would net ~ $922K. I remember the news release on the day of expiration. Max loss is = to investment ($2K in this case) if held & expired worthless.
  • #9
  • Last Post: Apr 20, 2010 12:14pm Apr 20, 2010 12:14pm
Thanks, what I mean to ask is was the news available to us retail traders at a time when we could still take advantage of the GS options that day.
The greatest force on earth is compound interest.
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