Check out the 40 put which i owned. crazy 6.02% drop is the move today and the options price remained unchanged? What the fuck is wrong with this option? Huge volume, just out of the money, still have almost a month of time value, and it doesn't move? shit! In fact, when it pulled back to about 5% down intraday, the price was actually down 15 cents. Crazy! Can anyone explain this?
hypothesis: Implied Volatility is getting crushed for LEH and killing the premiums in the options.
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