The details of my Big Bet against Krispy Kreme

[DesertCat]

All of these options are puts I bought. I.e. KKD is trading at around $8.82, and I need it to trade below these strike prices on these days for these options to be worth anything.

49 KKDQU ($7.50 May) bought at 35 cents, cost $1,715
50 KKDTU ($7.50 Aug) bought at 85 cents, cost $4,250
50 OKKMA ($5 Jan 07) bought at 45 cents, cost $2,250
9 OKKMZ ($2.5 Jan 07) bought at 15 cents, cost $135
20 YRDMA ($5 Jan 08) bought at $1.15, cost $2,300

Total investment (so far) around $10,500. I think I'm too heavvy in the short dated options (May & Aug) and I'm looking to add more 08's to balance things out better. As I add to my positions, I'll update this.

So there it is. If KKD turns out to be a great turnaround story under their new CEO, Brewster, you have this post as proof of what an moran I am. DesertCat blew over $10k betting against the best donuts in the world! Ha, ha! And he documented his own idiocy!

Of course, if I turn out to be right, don't expect me to keep my mouth shut. Oh yea, that's when I'll be results oriented, baby!