Prashanth Cherukuri

Insuring My LDK Investment By Buying Puts

I bought the Nov 30 calls at 10 cents, and if you think that is not cheap, I am at a loss for words.
First off, your assumptions are wrong, and so is your theory. I am hedging against 100 shares, or $4000, so if the stock does go to $25 in a month, I will make more than 4K on my options.
As for your last statement, feel free to make your own judgements.