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Posts: 155
In response to
"
They were well out-of-the-money puts, so not that much. He made more on the calls than he lost on the puts. -- nm
"
by
B'nai B'ron
I mean it depends how many be bought. $15000 of worthless puts is $15000 regardless of what the bid price was. -- nm
Posted by
Reagen
Dec 19 '23, 07:19
(No message)
Responses:
If he bought more puts than calls he deserves to lose his @$$, but it looks more like a simple hedge to me. -- nm
-
B'nai B'ron
Dec 19, 07:51
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