Holy Spread Batman!

Futures were down across the board this morning, but I did not expect such huge spreads.

A DRN call for March, at a 66 strike price, had a bid of $1.25 and an ask of $5.60. What an arbitrage opportunity! That is, if you can get someone to bite!

EDC was very similar, but less surprising given the uprisings over the weekend. Some of my calls were assigned, but I still have a small position…which immediately got whacked this morning.

Stay tuned…lets see what happens today.

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About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

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