Seeking Alpha
  • Boatyzaffa
    Implied volatility on $GM and $F are near lows for the year... cheap protection on these names. In fact, since these are cyclical stocks,
    8/6/13
    Reply (3)
    • Boatyzaffa: it may be good bit of insurance to have on a diversified long portfolio
      8/6/13
    • Boatyzaffa: For example, $GM is currently trading at 36.06, the Dec 36 puts are trading at 2.33 (just under 6.5% of the current market price).
      8/6/13
    • Boatyzaffa: Also take into account that $GM's beta is 1.71. Need insurance on your heavily weighted consumer cyclical portfolio? This may fit
      8/6/13