A diary of the thought process behind my investment decisions
Bought Back SPY Puts
Early last week during the Ireland scare, I shorted SPY Puts. I bought back those puts back for pennies on the dollar. With the VIX at 18 there is no need to be short way out of the money puts.
4 comments:
Long TZA @ 17.58
Ol DAwg
Why not long spy calls at the time rather than short puts
celg got hammered tolday
I don't usualy buy calls at lows because vol is generally expensive.
Puts are good at tops because vol is generally cheap so one can win on the direction and the vol.
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