TRIP collapsed +30%
Brought some options. be careful, many options are mispriced.
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Trading is a tough business! All my commentary are my personal opinion. Do not follow my trades. You will lose money!
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MonkeyGee OP : whomever that doesn't believe me that the news are made to justify the move. look at it recovering.
MonkeyGee OP : Max-pain for TRIP this week is $TripAdvisor (TRIP.US)$ 26. Let's see what the MM is going to do. There is alot of hurt right now.
We will have to see how they will get out of this pickle. Maybe they will make an announcement that they are still open for offers if it makes sense, or maybe a new offer is on the table or whatever made up news to pump it to 26 so that MN can clear their book than slam it again.
MonkeyGee OP : It's looking good. Trip didn't continue its drop today, so that is hope. Maybe MM has a plan for tomorrow. Somehow, MM was able to move maxpain down to 19.
watch for continue recovery closing above 18.75.