Bought to Open 100 contracts of HTHT Apr 21 2012 $12.50 Put at 4.45

Trade

Trade ticket:

HTHT Apr 21 2012 $12.50 Put 0.60 0.00 (0.0%)
Transaction: Bought to Open
Security: HTHT Apr 21 2012 $12.50 Put
Quantity: 100 contracts
Price: $4.45
Value: $127,459.00
Target price: $15.00

Trade Note:

This stock has been on the rise and is building momentum.  Underlying has decent fundamentals and is at a bargain price due to recent downward trend. 

Edited by NeverRong at 04/12/12 at 07:19 AM

Posted about 2 hours after the trade

Trade

Company information:

HTHT 16.31 +0.98 (+6.39%)
Users bought (this month) 1 (100.00%)
Users sold (this month) 0 (0.00%)
Market cap 3.97B
52-week high 17.55
52-week low 10.51
10-day volume 58.86M
P/E 51.10
EPS (trailing 12 months) 0.3
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Posted by NeverRong on 04/11/12 at 03:56 PM

Comments

Nophotosm Brokerage Account

Buster01 posted April 12, 2012 (10:43AM)

What did you actually pay for these options?
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Wall_street_never_sleeps_thumb Brokerage Account

Midneo posted April 12, 2012 (06:22PM)

That's a interesting play what is made you buy such a big play.
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Nophotosm Brokerage Account

Buster01 posted April 12, 2012 (07:15PM)

That's what makes me thinks the system is in error.  I highly doubt this is a $127K play.  Also, why would you BUY puts when you think the stock is going up??  On top of that, the option never reached even close to $4.
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