You Think Options Trading is Easy? Here’s Herbalife

Here’s a snapshot of Herbalife’s ($HLF – no positions) option chain for May, expiring this Friday, ahead of the Ira Sohn conference:

What do you want to do, and why?

I pondered buying the $47.50-$52.50 call spread for $1 on Monday (can’t get it there anymore), but decided not to.   I pondered buying the $40-35 put spread this morning for $1 (can’t get it there anymore) but decided not to.

In the end, I took what I have found to be the most profitable course of action for me around volatility events: I did nothing…

-KD

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