4 ms·

Teach me your ways. Literature ?

• ouid 7y ago
  If the news says "China puts 760 million people on travel restrictions", you should look at the price of puts.
  • senordevnyc 7y ago
    This. It was really just insurance. I fully expected the $1k I bought to expire worthless, and the first $230 did, but these ones I was able to exit for a nice profit. I highly suspect the expected value of options trading is negative, but it's useful as a hedge. Really wish I could spend like 10% of my salary on put options for my employer in case I get laid off, but it's forbidden apparently.
    • jliptzin 7y ago
      Insurance by definition is negative expected value (otherwise insurance companies wouldn't be in business). Great job hedging!
• LegitShady 7y ago
  reddit wallstreetbets obviously
  • senordevnyc 7y ago
    Actually no...I hadn't ever visited before a few days ago :)