05-27-2013, 06:42 AM
You now know why I luv selling puts on IOC. Especially after a nasty fall like Friday. Can be wildly profitable. As can call buying after one of these fake drops. Best opportunity we had was when IOC dropped below $10. We bought out of the money calls in size and the stock of course recovered. Thats why I was trying to buy Sept $105 Friday but missed my fill by being a PIG!! Sad to say.

