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:

Anonymous said...

Long TZA @ 17.58

Ol DAwg

Anonymous said...

Why not long spy calls at the time rather than short puts

nicasurfer said...

celg got hammered tolday

Tsachy Mishal said...

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.