Kiwi, can’t believe I am talking about hedging while the stock price is this low but maybe you can make it clearer for me.
For instance when I look at September options (in case results don’t come in August) the $3 puts are $1.20 or more, which would mean the price would have to drop to $1.80 for me to just break even on the option trade and of course I would be losing on the long stock down to $1.80. Then I am protected as it drops lower from there but this doesn’t seem worth the effort.
If I understand your procedure, it was to liquidate the stock and only play the long or short side with options which limits your losses if the results come out the right way.
Have I got this right or do you some other technique to hedge. TIA
kiwi, now it is my turn to ask you. Tell us more about the calls you bought if ok to share with us.Do you think you bought them too early on? do you think if I wait longer, I can add cheaper calls? don't know when the price might reverse that I don't want to wait too long.
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