mershaw2001
I'm short the short sellers
Mario, what were your strikes on your spread (and what was the stock price at when you opened them)?Well selling OTM put spreads has backfired hard on this 1.5 week drop of >100... Lost a bunch on Friday where they dropped from OTM to ITM in a gap down and while I managed to move some further out I'm pretty maxed out with margin now as most spreads are ITM and the call spreads I picked up on the way down are losing value hence squeezing the margin as well. Do have to tell I didn't anticipate such a huge carnage on the stock price, assumed it might bounce around 350-360 region, but not 280...