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GLBC - Bought puts on this today

06/15/2010 12:50 PM by Dave Pinsen

In the money ones, the Dec 15s. In addition to the Z"-score in the distress zone, and other fundamental weakness, this looks weak technically too.

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  • 06/25/2010 02:32 PM by Dave Pinsen

    These I bought at $4.40, incidentally.

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  • 10/29/2010 04:18 PM by Dave Pinsen

    Sold these at $1.95 for a 55% loss. Drop in vol crushed them. Need to figure out a way to trade options in a market neutral, volatility neutral way. Will hold off on buying new puts until then.

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