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I know this pain. I bought some Jan 19' $10 put options in Kodak right after they announced their nonsense cryto abomination. I knew it had run on speculation
by nodesocket 8y ago
I know this pain. I bought some Jan 19' $10 put options in Kodak right after they announced their nonsense cryto abomination.
I knew it had run on speculation and was going to come down. The problem was I timed it wrong. By Feb 7th after my options expired Kodk was trading in the mid $2 range, down from $11. I lost my entire option bet, oh well. Lession learned.
- bluquark 8y agoI think frequently about buying puts but never pulled the trigger. It's so, so tempting because in cases like that, you are 100% sure that you're right, and in fact you actually are right. The last time I thought of buying puts was a month ago when Tesla was at 350$, propped up by the "funding secured" claim. It was so obviously bogus and a sign of desperation. But I was terrified of buying an all-or-nothing lottery ticket, so I didn't. That one would've been a big winner and now I feel the pain of missing out. Hearing your similar Kodak story is useful to reinforce my resolve that I should just stay with vanilla investing strategies.