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srains

04/02/19 6:43 PM

#1883 RE: catty #1882

Thank you, I really appreciate the advice. Most of my stock is high div stuff but I do like to hold a few short positions to hedge on big pullbacks. Boeing is interesting to me because I do not think people understand how long these planes will be grounded or how bad things will get for Boeing. Boeing just delayed the fix for a few more weeks which could be a month, who knows how long the FAA will take but even then, Canada and the EU will do their own certification. China may also do one. I also think that we have a shot of the planes being grounded until the full crash investigation is done

As far as the options go, they are a bit too pricey, too much volatility baked into the price. With that said, maybe selling some options or doing a collar of some kind.
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Benwahsauce

04/02/19 9:47 PM

#1889 RE: catty #1882

Why?
I bought puts at a good time and sold when it floored.

Made very good money on them.

Almost second guessed myself and rebought but after watching it for a few days you could see big money jumping at it and people covering their shorts right at end of day. There was a 600k order to cover short position about 2 weeks ago and that’s when I knew.