Liberal Forum

Fuelman » 10 Jul 2024, 5:52 pm » wrote: ↑

10 Jul 2024, 5:52 pm

Good thing, these markets could surge another 10%.

DOW 39,721.36‎+429.39 (+1.09%) 
S&P 500 5,633.91‎+56.93 (+1.02%) 
NASDAQ 18,647.45‎+218.16 (+1.18%)

Nice day to have a wad in the markets.

I have an acquaintance who bought 1 short expiration put. +1% in SP 500 = -60% in put value

Scary stuff

Even if you bought a put with a 6 month expiration, -1% => -8% minimum in put value 

Looks like all short theses should be on hold...