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Strategies & Market Trends : Bear!

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To: Harshu Vyas who wrote (193)11/19/2023 2:31:54 PM
From: Sean Collett   of 266
 
Puts should only be messed with if you're understanding what you're buying. I made money on the IWM + MGM ones I made, but I had a good feeling at the time I would be right and I was. I have also been wrong many times and get stopped out. Options are not like value investing even if you use the same criteria to identify what to buy.

I opened puts again on Friday (after cutting some nice value wins from past few weeks) for the first time in a while and could very well be wrong here. Keep stops tight and that can help to minimize loss.

I would never recommend options to though.

Peter Lynch had a mindset of ignoring the noise and staying in, so it may serve you best to do so too.

I on the other hand have a bear on my shoulder I cannot ignore at the moment.

-Sean
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