GMCR call holders wept today as GMCR posted a dramatic 50% plunge from yesterdays closing price. It wasn't all tears of sadness for GMCR option holders as PUT holders were able to cash in on an enormous move in GMCR.
I highlighted last night some potential profits for today, turns out the potential profits were much greater. GMCR plunged below $25 giving the $30 puts a high of $5.50. They closed at $.04 yesterday. $.04 into $5.00 in less than one full trading session..... wow.
GMCR $30 puts from $.04 to $5.50 or $80 into $11,000
GMCR $35 puts from $.13 to $10.50 or $130 into $10,500
GMCR $37 puts from $.19 to $12.45 or $190 into $12,450......That's a lot of K-Cups.
Last week AMZN, the week before AAPL, this week GMCR.... NEXT????