Quote:
Originally Posted by cdogstu99
I’m buying puts on CLCT tomorrow.
I can see this leading to PSA needing to repurchase altered cards that are likely worth a fraction of their original value.
Even if they weren’t in cahoots with PWCC, it has been proven that their grading capabilities are horrendous. Reputation completely tarnished with a high likelihood that their future grading revenues decline significantly.
And if they were in cahoots, this ship is going to sink even quicker.
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I think you’ll find that CLCT options have bid/ask spreads wide enough to navigate a VLCC through and, even with those spreads, the volumes available are really small.