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Porgie Tirebiter

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Porgie Tirebiter

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Re: Porgie Tirebiter post# 1470

Monday, 06/23/2014 10:25:05 AM

Monday, June 23, 2014 10:25:05 AM

Post# of 13692
Sold Aug. $7 puts for 24¢ this morning. That's takes my risk basis down to $2.45 or so. So even if SD craters and I'm forced to buy the stock at $7, I can't lose money until SD drops below that figure.

Not a way to make big money, but that's not what I'm after. Risk reduction is my goal.

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