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Can you buy puts on a pre-IPO stock? I didn't think you could.


Nope. Options don't become available for several weeks after an IPO. There needs to be some historical price data to feed the black-scholes formula in order to price the options.


A real trader would start trading anyway. Volatility? Just a number computed from a mound of stale data. Kurtosis? Sounds like a disease. Too much thinking for a game as simple as "buy" and "sell"!




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