May11 $77.50 Put Option
Date...... ...........Stock..... Option..... Delta
02May2011...... $78.30...... $1.60..... 0.37
03May2011...... $75.80...... $3.00..... 0.67
Difference...........$2.50........ 88%
Although Trade was closed at 88% ROI at $3.00 on market open becasue Limit Order was hit,
Option as can be seen on the Option chart provided by CBOE,
Hit the first intra day high at $4.00 then $5.00 which would have yielded
250% & 312% in 2 days.
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