I wouldn't put against BT unless I saw something not kosher and a saw a catalyst to bring it to the fore of peoples attention. This is a big company and likely to be one of the last shot in a downturn.
Having said that, I should qualify it with the fact that I haven't followed this company so I don't have the faintest idea on their fundamentals. I usually pick puts on companys that belong to a sector that I think has run too long, in a market I think has more risk than should be carried, and then if I'm real ambitious, a company that doesn't pass the smell test.
Usually I just pick a company I happen to know something about in a sector that's ran too far, as the market has been too expensive since 5000, IMO, despite the fact I've been various stages of long the last three years. My put on DSPC was a company I owned, then sold, then bought a put as I felt it had ran too far and the market looked loony.
I got lucky and made some money on a good companies decline as the market sold off. TDW, I suggested buying puts on, sort of a sector play, but never did. My loss, as it went from $60 to $25, where I finally went long some shares just as part of an OSX recovery play. That made a small profit, especially compared to the decline, which I realized and am now flat.
So, as usual, more than you asked for.
Thanks for your efforts- I do pay attention to the thread as time allows. |
