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Author: revik Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 83  
Subject: Tupperware $35 puts - - hunh? Date: 1/22/2011 12:59 PM
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Okay, someone please educate the rest of us. I had sold TUP Jan 22 $35 puts that will expire over the weekend. While I am happy to pocket the cash I am blown away that those put contracts were selling yesterday for $10 each. In addition, there was significant open interest. Why? There was zero chance that they would have any value by Monday morning so who was making these trades? Could I seriously have sold 20 contracts on Friday afternoon and pocketed $200 at zero risk? Anyway, anyone with an insight please feel free to share. Thanks.
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