Seeking Alpha
  • J Mintzmyer
    Just bought 1000 (1w) $170p on AMZN. Another lottery ticket- hopefully with a better payoff than the 100% loss on NFLX.
    1/30/12
    Reply (7)
    • humahuaca: a lottery ticket that cost $150,000??
      1/30/12
    • J Mintzmyer: No- I bought 1000 puts-- roughly $1000
      1/30/12
    • J Mintzmyer: (10 contracts)
      1/30/12
    • BadCop_NoDonuts: My puts from a few days ago appreciated nicely, so I sold 2/3 of them. Holding the rest through earnings.
      1/30/12
    • J Mintzmyer: Good luck, I'm hoping I don't get burned like I did with NFLX. I underestimated how low their target was.
      1/30/12
    • BadCop_NoDonuts: Misery loves company. I lost big time on NFLX. Another expensive lesson taken to heart. Still, I remain bearish and will play them again.
      1/30/12
    • theagen11: I have out of money puts for June but I am just going to hold on as a lot can change in the next 5 months.
      1/31/12