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Porgie Tirebiter

08/13/18 5:16 PM

#25777 RE: RSummers #25775

That's only good for four days. If one want to buy puts as insurance one should go out to a least January, otherwise it's simply flushing money down the toilet.

But, that said, the I.V. on the January $2 put is nearly 140%! That's just way too expensive. My own personal rule is that if a stock is too expensive to hedge, it's too expensive to own.