Both A & B go down 5, you lose 10 The put seller loses 8
On Jul 20 07:34 PM mtd wrote:
> How this can go wrong: > > Stock A and B are trading at $10. You buy both at market. Stock A > loses $5 and Stock B gains $10. > > Your portfolio gains/losses > Stock A ($5) > Stock B $10 > P&L $5 > > If you had done this with selling puts @ $9 (say for a $1). Since > Stock B took off, you would have never purchased it. Stock B on the > other had has dropped and you have been forced to pay $9 for it. > > > Your portfolio: > Stock A ($4) > Put premium $1 > P&L ($3)
Why I Sell Put Options (Part I) [View article]
The put seller loses 8
On Jul 20 07:34 PM mtd wrote:
> How this can go wrong:
>
> Stock A and B are trading at $10. You buy both at market. Stock A
> loses $5 and Stock B gains $10.
>
> Your portfolio gains/losses
> Stock A ($5)
> Stock B $10
> P&L $5
>
> If you had done this with selling puts @ $9 (say for a $1). Since
> Stock B took off, you would have never purchased it. Stock B on the
> other had has dropped and you have been forced to pay $9 for it.
>
>
> Your portfolio:
> Stock A ($4)
> Put premium $1
> P&L ($3)