Welcome to the dark side. Once we all get over the elation of the recent bull market and realize how much downside pain is to come, you will be happy because your long-dated puts will print and when things finally settle off the floor at some point in the future, you will have 30-50% more to spend on good companies that survive this coming bloodbath.
Someone last night showed some stocks that have fallen a good ways so far. There's plenty more downside to come. AAPL just now fell below the 200 MA today.
Not financial advice. I'm a neurosurgeon and below average investor/trader.
Current position: 7 DIA 325P expiry 4/14. Will roll these to May as soon as they go green. Currently down about 15%.
Someone last night showed some stocks that have fallen a good ways so far. There's plenty more downside to come. AAPL just now fell below the 200 MA today.
Not financial advice. I'm a neurosurgeon and below average investor/trader.
Current position: 7 DIA 325P expiry 4/14. Will roll these to May as soon as they go green. Currently down about 15%.