Safety In Puts That Have Dropped 50% Going into A Tuesday Afternoon Trading Session. Goggle
First the one day chart. Now the DJIA. Now the Puts. The stock is up almost $7.00 on the day. Market makers might hope for a flat afternoon in general so that extreme moves settle down before the close of the session. If Google comes off a few dollars in the afernoon these Puts could gain a few dollars. They are afterall off in value by 50%. This is a highly leveraged situation. Let's see what happens. Here they are, twenty two minutes later. How the open interest number shrunk that much doesn't make sense. To be continued.