Monday, August 31, 2009
A little hindsight investing idea for Dom
If $700 was your threshold for pain on AIG puts, maybe next time you buy a put spread to the tune of $700. This way if things move against you short-term, at least you still own puts for the longer term. There is nothing worse than watching your ship come in later and you're no longer on board.
Subscribe to:
Post Comments (Atom)
Yes that is a good idea. I got pretty pissed off when with in 10 minutes of taking this position off I could had saved myself almost $300 bucks. And and hour later I actually could had sold it for a gain. I knew this thing was volatile, which is why I was willing to put on the puts. And this week AIG is moving to the downside. But it is what it is.
ReplyDeleteThanks for the advice.
I wouldn't worry about it. If you made BIG money on AIG you should've also lost money on it too.
ReplyDelete