My friend bought the June 10 puts a month or so ago.

My friend bought the June 10 puts a month or so ago.
by EricCartman (2024-04-29 16:39:16)
Edited on 2024-04-29 16:40:01

In reply to: A few additional dynamics posted by fortune_smith

He paid around $1.10, then doubled in at around $0.80, and exited around flat. The put then went to $1.30ish.

Point being, everything associated with DJT is funky because of the float and vol skew. You can make/lose money on the same trade depending on how wild the swings are.

Some other guys I know were selling straddles on the first pump. They made a decent profit when the stock dropped and the vol dropped.

Replies:

The vols are indeed eye-wateringly high * - fortune_smith 2024-04-29 19:04:19