Re:SoftBank unmasked as ‘Nasdaq whale’ that stoked tech rally
by arcticbull on Friday September 04, 2020 @08:50PM
(#24380484)
Yeah I’d built up a sufficient buffer, and suspected a correction was coming as the VIX and S&P have been rising together for the last few days. I bought puts 2 days ago instead of selling them. Even if I hadn’t, the last few days would have taken out 25% of my strategy gains YTD. However as a put seller I’d have rolled them down and out, repeatedly, until they expire OTM.
If you lack the cojones for such a mad strategy haha, you can always sell put credit spreads to define your risk at the cost of reducing your return.
If you lack the cojones for such a mad strategy haha, you can always sell put credit spreads to define your risk at the cost of reducing your return.