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Strategies & Market Trends : LPL -- leader in World's TV Industry
LPL 5.010+3.9%Oct 31 9:30 AM EDT

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From: chessboard_andy1/26/2021 3:08:41 PM
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Someone is still buying the July 17.50 contracts, although the bid recently dropped from $0.20 to $0.15.

I admit to a little FOMO, so I just went a little longer going into tomorrow's move. Bought some February $12.50 for $0.12 & $0.15. Also just filled an order for some February $10 contacts at $0.85.

Nothing huge, and I don't have any real conviction. It definitely feels like we have priced in the upcoming strong quarter. I feel ok about the $10 calls because the price I paid is right at the price of today's open.

Of course the premium on the February contracts will be moving towards zero in the morning, so I feel sheepishly foolish, but that $17.50 wager was too tantalizing not to play. I have adequate exposure at the later strikes, but thought I should splash around in the short dated a bit more. (I almost put in a $0.15 bid on the July $17.50, but figured the February $12 was a better way to squander some cash.)

Andy
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