Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I am short Oct 21,$167.50 puts. Well buffered yesterday...wiped out and headed toward $30 underwater today. Any advice? Looks like I can roll to January or may have to go to March $165s to nearly break even on a roll. With this one way unexpectedly hitting and the Gamestop I'm likely going to get hung with in less than 2 weeks, too, I'll be on margin. Other than a few like SWKS and STMP and SHOP working for me (maybe I need to go with an all "S" portfolio, everything else - MON, DIS, KMI, WFM, F, in addition to ILMN and GME, have me under water.

Again, looking for short-term advice. Roll to 6 months out and nearly break even with a $165 short put, or take it on the chin (and margin) and get hung with the stock, or pay big money to unwind and take a huge loss on the position?
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.