I may regret it terribly – or it may be my finest hour – but I just bought a substantial options position against the Russell 2000 following the crazy surge we had just now.
I may regret it terribly – or it may be my finest hour – but I just bought a substantial options position against the Russell 2000 following the crazy surge we had just now. They are January $1500 puts against the Russell 2000 index itself, and I’m basing it on the simple fact that we are precisely beneath the broken channel for the index. I chose January to give me ample time.
(Click on image to enlarge)
This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.
Comments
Log in or sign up to join the conversation.