23 Apr 2024 11:18 am
Looks like you are getting your dead cat bounce.LowIQTrash » 18 Apr 2024, 5:38 pm » wrote: ↑ I did not sell yet, this is just the beginning.
I expect IWM to fall at least another 20% by December 31st, so…155-160 should be a reasonable estimate for where IWM will be.
Doing some calculations, I bought (only one) IWM put at 204, now at 193 so a 5.4% decline = ~35% increase. A 25% decline (overall) should put you at ~150% increase.
If you buy a put expiring December 31st or later, starting at 193 (current) you should still net around a 120% return, minimum I expect is 90%.
If do sell the put it’s because I have another play I’m looking at….one of those meme stocks that can climb 100% in 4 weeks or less.
“Nobody ever went broke taking profits” > for me it’s “Nobody ever “got rich quickly” without going all out”
??? Have been looking at Yahoo finance at the Puts for IWM and today the 204 put is not on the chart?