I had some very speculative calls on AXL, an auto parts manufacturer. Company viability was in question and they were at the governments door asking for a bailout, and very unsure of one. WSJ article this morning announced $5B in aid.
I had been holding some worthless calls, and was about to write them down as a total loss, and then today happened. I sold for a 51% gain. Hey, it's a great day to be an option trader.
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