Seeking Alpha
  • Ocean Man
    Added to $163 $SPY weekly puts at $0.58 with SPY at $163.05.
    5/8/13
    Reply (9)
    • sdbens2: Which weekly,OM? Thanks.
      5/8/13
    • Ocean Man: This week.
      5/8/13
    • det9: Good idea. This parabolic rise should atleast pause...
      5/8/13
    • Optionstrader7: Good luck on tripling down on that losing bet. Curious as to how many puts you now have? 3?
      5/8/13
    • Brian58: I like it OM
      5/8/13
    • Will Erlandson: There's nothing saying it has to pause here, but hedging deltas outside of one's assumption is a smart move. I have a few SPY put spreads on
      5/8/13
    • Will Erlandson: Not bc I think SPY will be declining anytime soon, but if it does I'll still be in good shape.
      5/8/13
    • Ocean Man: I agree Will. My portfolio soared this week on $EOG, $MHR, and $SN so I don't mind paying for some insurance.
      5/8/13
    • yliu54: I like this insurance.
      5/9/13