Well, considering the tremendous “up” move by MDB last night, I figured my put options would be worthless this morning, since they are $40 out of the money. I assumed I’d be bid about a penny for them. Mercifully, that turned out not to be the case. They fell “only” 50%, which I considered a miraculous godsend, so I took my less-than-horrible beating. Here’s a live capture from the opening bell:
Don’t misunderstand Mongo. He may seem mean, but you don’t see him during the good times. He’s really not what he seems. So I’m not leaving him. On the contrary, I have entered a new position, this time with $200 strikes. Do with me what you must, Mongo!
