Premiums/Jced – That’s why it’s a crappy spot to invest from. The high VIX means you don’t make much on a move up so there’s hardly a point in playing the bull side and the premiums you have to pay to be bearish are crazy too but, for some reason, people think sitting in cash for a few days is some kind of terrible thing.
Flipped short on Dow with $106 puts at $1.01, out of $109 calls at $1 and, of course, bought back old $106 puts.
May 11th, 2010 at 11:51 am
Premiums/Jced – That’s why it’s a crappy spot to invest from. The high VIX means you don’t make much on a move up so there’s hardly a point in playing the bull side and the premiums you have to pay to be bearish are crazy too but, for some reason, people think sitting in cash for a few days is some kind of terrible thing.
Flipped short on Dow with $106 puts at $1.01, out of $109 calls at $1 and, of course, bought back old $106 puts.