<<actually, IF one DID correctly time a drop from 100. to 50., within, say 6 months (pretty rare), one would make MORE than even 200 % in a properly bought put, yes ?>>
Yes, you answered the question quite well. I'm not saying I can do this more than once. That's why I want the huge gain! :) I'm a long term investor, emphasis on the long portion. However, one can't but help to see some delicious money to be made on Yahoo and Amazon.com. I just want to make a lot of money, once, on a pretty sure thing. If I can pony up at couple thou' and end up 6 or 9 or 12 months later with two or three times that, I'm happy. One time only, you understand. I don't ride the downside often, or at all.
Most likely I'll turn the proceeds into a long position and sit. Then, when the next hyper-inflated bag of gasses comes along a few years later, I can try some more, if at all. Might as well risk a little while I'm young and have a stable enough base for my portfolio.
Incidentally, you never mentioned (maybe I'm too new at options) where to look for quotes on options and especially LEAPS? |
