The point of the post wasn't to pat myself on the back for the puts going up. And I didn't make any money because I haven't sold them. I don't intend to sell them right now - it's a hedge, not a trade.
When I saw those puts drop to $3 on Wednesday, I meant to write a comment here that night letting folks here know that the price had gone down, if they wanted to piggy back on my quasi-hedge idea. I didn't get around to doing that (I've been swamped with the launch of a new business), but the puts went up in price Thursday anyway.
Just trying to help here by suggesting this quasi-hedge idea. AYSI is my largest stock holding, and I'd like a hedge against a big drop off in Chinese iron ore demand. I thought others might too. If BHP goes up in price next week, these puts will probably drop and you may be able to buy them for less than I did. I may buy more then too.
Sorry I mentioned it here. Really, I am.
Time to give this board a rest anyway. GLTA.
