Media Updates, page-8681

Hi SamaritanMate, sorry I don't quite understand what a "1 to 10 to 15" ratio means, could you please be more specific with what ratio comparison you are making so I can follow your thought?

My observation was just from assessing a put directly below the ATM strike (front month) and observed a premium of under 3% for many days now which is the same magnitude the stock is persistently moving on a daily basis ... and in the one direction... Basically buy the put, wait 2 days and your puts intrinsic value is what you paid for it already is the way things are going!

For a stock with this much uncertainty (essentially in a crisis state) and with significant jump risk (market update announcement etc), I would have expected 5%+ premiums at least. Most definitely it is unattractive to sell a put with such low premium in this environment.