Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Schnullie who wrote (44550)	6/3/2005 11:07:03 AM
From: Tommaso	Read Replies (2) \| Respond to of 206085

OT:The furthest out puts that I see for IYR are December of this year and they look pretty expensive to me. If you pay $900 for a $125 strike, and hold it, IYR HAS to drop to $116 to be sure of breaking even. And even if it crashes to $107, you have only doubled your money. I take a pretty simpleminded approach to buying options, but as a result I have on balance made pretty good money since I began doing it about five years ago. Just looked at some more strikes. They are all very expensive. Must be a lot of people hedging with these puts. Shorting might be better, if you are prepared to meet some big margin calls and can hang on for at least a year. I don't suppose Rydex or anyone has started an anti-real-estate fund?