Thursday, September 11, 2008

A little snap trade yesterday

Trying to take advantage of all the intraday volatility plus the fact that LEH looks like a goner.

I got hit, surprisingly, on a lowball bid for some ITM Oct LEH puts, in at 3.30/out at 4.00.

If they're handing out hundred dollar bills at the door, might as well get in line...

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