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dlaw: They expire TWENTY FREAKIN' YEARS FROM NOW.
Nov 21 17:34 pm
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All Comments by Muzie »Buffett's Gamble: $40 Billion Bet on Volatility [View article]
There's no "bath" taken because he's not going to trade in or out of them. Your "bath" is simply he could have written off those same puts for more money now then before. That's like saying he's taking a "bath" because he could have bought a rising stock for the lowest possible price but instead bought it 10$ more while turning down a profit.
You wake up!