Steven,
Great to see you posting! I think you'd be very well received if you posted what you were buying puts in and why you thought that was the way to go, even if others were trying to grind out a long in it.
Let's face it, buying puts is a great way to "hedge" for those of us who are long too, especially in this "uncertain" volatile period we're in right now. I would be in much better shape with MRVC had I bought Oct. or Nov. 50 puts back in August for next to nothing! I'd still have my long term hold and we can only imagine how those puts would've gone up in value.
Now, if you choose to show up after the market tanks or appears to be tanking AH's and post "No matter, I'm short XXXX" after the fact, where XXXX is a thread favorite long, you probably would not be well received nor very well respected.
Frankly, I haven't posted many of my trades on either side for last 2 or 3 weeks. Too many of them have "gone bad" and I'm not inclined to lead someone else down that road. But I can say, I do give thanks for the ability to sell something I don't own because it has been the easiest way to make a buck on many, many days for the last 6 weeks!
JMHO as a thread participant and I look forward to ideas on both sides of the trade.
Mike |
