As most of you know, the options trades that I do place tend to be exceptionally conservative, focusing on in-the-money puts with many months of time left on them. Yesterday, though, when I saw the video of Paul Tudor Jones (a hero of mine from the late 1980s) plunging into the semiconductors since he figured we were just starting to go up in that sector, that sent me over the edge. I did something I hardly ever do, which is buy very aggressive puts: specifically, SMH $580s that expire on Friday. I’m up 117% so far, so………bite me, PTJ, my former hero!!
Comments
Log in or sign up to join the conversation.