General Options Blog

Monday Option Recap 6-1-15

The stock market gyrated between gains and losses today.  At the end of the session the $SPY found itself smack in the middle of the days range.  It was a not too hot, not too cold, type of a day.

$SINA rallied as the CEO did what every investor wished their CEO did, he bought back almost 1/2 a BILLION $$ of the company stock.  The stock rallied 23% and the stock options were up, in some cases, a few thousand percent.

$SINA wasn't the only stock turning penny options into dollars.

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