Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

that is addicted to the stock market.  I finally gave in to the Crocs craze.  No, I didn't go out and buy a set and gleefully accessorize them - I bought the company.

Not the whole company, just 100 shares.  I then turned around and sold some ITM calls that expire next Friday.  Amazingly, I made $181 after commission.  I can't make any more profit on it but I have pretty good downside protection.  For those that snicker at $181 profit, that's $181 on an $8,000 investment or 2.2%.  And that's for less than 2 weeks "work".  Now I just need to find that kind of vehicle every 2 weeks.


PS, Cramer says this is a triple Buy until there's 4 analyst recommendations.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.