Live Options Expiration Buying the Dip on ISRG
Date: 1/20/2012
Premarket Opening Bell Google ISRG Options Entry
Options Trade ISRG Options and Equity Market Down to Wholesale
Live Options Expiration Buying the Dip on ISRG, AAPL, and GOOG
Live Options Trading on Expiration Buying the Dip on ISRG! ISRG beat their earnings by $.40 but because the stock was bloated in performance they took it down slightly below the $430 handle and we were able to steal those calls with an entry at $4.10 and a quick exit at $7.50 for 85.36% return.
When you consider the devastation that happened to the put and call holders of ISRG, we feel making over $1,000 in the first 45 minutes of trade isn't bad.
Consider the massive intraday options losses traders experienced in the following expired options.
Jan $440 Put that closed at $3.90 yesterday and went as high as $11.20 to the low of $.05, worthless...on 1,131 traded with a VWAP of $3.13. Prior open interest was 901.
Jan $450 Put that closed at $6.70, hit a high of $20.90 and closed down at $5.40 with a VWAP of $10.14. Prior open interest was 691.