I am out of powder of any kind but I am not panicking. There are always Camaros and life, or collectible motorcycles or vintage houses...forget about the market. Live some 80's style life.
I bought Puts right after market open on the uptick, smoking it right now, but yes after stocks have already dropped unless there is even more drop the Puts are not going to show much profit, and I think there is much more downside with this 2nd wave of lockdowns coming, so buy Puts on stocks that will be badly hurt by the lockdowns like airline, travel, and retail.
Bought SPY NOV27 2020 330 PUT @ 13.33
Got out @ 13.95 and back in @ 13.35 on 329 PUT NOV27 2020
so you day trade? i need to get the 25k in my acct first...(don't know why that is necessary other than to keep the poor, poor.)
I think you are saying "Nov 20, 2020" not 2021.
Yes
Are we to buy puts at 10% of stock current value or value when originally purchased?
Pretty arbitrary. Your choice. I don't bother with the strategy anyway. I just stay long.
ive been holding aapl puts for weeks 😂
I don't think it would be wise to buy a put right after a huge drop like this though. Maybe buy one off the bounce?
I am out of powder of any kind but I am not panicking. There are always Camaros and life, or collectible motorcycles or vintage houses...forget about the market. Live some 80's style life.
or fancy 100$ bills with future numismatic value )) and 99% lost purchasing power ))
but you would not buy a put at this time i imagine
Thanks Greg, I have a few Puts in place for this very reason.
surely you don't buy at a drop like this though? (puts)
I bought Puts right after market open on the uptick, smoking it right now, but yes after stocks have already dropped unless there is even more drop the Puts are not going to show much profit, and I think there is much more downside with this 2nd wave of lockdowns coming, so buy Puts on stocks that will be badly hurt by the lockdowns like airline, travel, and retail.
thanks!