It is. I was down $20k after the first 9 months or so and not happy about it because my stocks didn't perform either. Then my stocks did well and NFLX dropped 25% after earnings, so suddenly I was up $30k with put options as well. Since then I lost, and lost and I'm deep in the red again. I didn't buy a whole lot of options though. And I used some profits I made on my stocks to pay for it.
My chances are improving now though, because it's trading at ridiculous levels and the market fundamentals are not that good IMO. Like I said before, if I make good money on NUIN or HERB then I will buy a lot more puts. Unfortunately that hasn't happened yet.
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