Anyone following the whole Washington Mutual drama?
Bought some July $11.00 WM puts this morning at the opening bell, right at where they closed yesterday. My thinking being that once all the details of this deal get out, it would drop, and in fact, it is down nearly 10%. Yet, the b/a on my puts are down roughly 3%. Am I missing something?
1 comment:
Anyone following the whole Washington Mutual drama?
Bought some July $11.00 WM puts this morning at the opening bell, right at where they closed yesterday. My thinking being that once all the details of this deal get out, it would drop, and in fact, it is down nearly 10%. Yet, the b/a on my puts are down roughly 3%. Am I missing something?
Post a Comment