Michael, re. Gateway and puts, etc ...
Given the impossibility of knowing just how long they can continue to sleaze their way through, I'm wondering if it would be a worthwhile strategy for someone who has less reason (me, for instance ;-) to trust their gut instinct to just go for it now -- cheap puts, fairly far out -- and wait?
For instance, the Mar 37.5's are 3/4 asked. If the stock were to revisit it's 52 week low, that would be a seventeen-bagger or so. If the stock hasn't blown up by March, just do it again, and get an eight-bagger with Aug puts, etc, until it does blow up. The risk, I suppose, is that the stock never does, it just slowly bleeds to death ...
Regards,
Terry |
