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March 25th, 2015 at 10:27 am
Phil: I have spent the morning up until now comparing your LTP with my all-in-one portfolio which is made up of all short 2016 and 2017 puts. There is only one position in my portfolio and that is 100 ABX Jan 17 $8 puts at $.92. That said, your going to cash has not had an impact on my portfolio so I have elected to let it ride. YTD it is up 19%. Last year it was up 28.5%. Stop losses have been set for each holding in case we get the sell off we all anticipate.
Just put on a position 10 QRVO Jan 17 65 puts (short) at $7.99 in case you want to take a look at this stock which is at the time of trade was $83.61. First level stop is set at $9.99.Second level stop is set at $65 in the underlying stock, Third level stop is set at $57.01in the underlying stock which is breakeven.