Face the music, page-211

XJO is my bread and butter but ventured into APT given the extreme optimism/double top- paid IV of 64 which expensive but more the compensates the potential downside gain.

There is a possibility it may go to $50 next month so silly me - but i am speculating there is a greater chance it may go to $30 instead.

Opinions / probabilities and eventually fundamentals!

Also I disagree with Theta in this environment a 6-12 month call/put is no different to holding a stock for 3-5 years given the propensity for extreme volatility.