Lots of stuff running for no reason at all, this is all very fishy.
Traveling has slowed a lot since gas prices spiked, Japan natural disaster, Egypt, the whole middle east etc. I don't see how Priceline PCLN will not dip, there are so many of those flight booking websites and they are all trying to beat eachother out with the slimmest of margins. PE is 50.
I'm looking for a huge plunge on earnings in May.
I'm not a fan of trading huge cap stocks. It seems like the only big moves it makes are to the downside. Are their margins getting too small?
PCLN up a buck and my puts are down over $1200 lol. I usually don't hold open positions like this unless I'm really confident. Expires tomorrow so I'm hoping for a sell off in the next half hour or I'll make it into a loose spread 485/475 and pray.