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> I usually buy a put (option) just in case 2008 repeats itself. I bought a put last week for 2k (CMG) and now its worth 18k. Chipotle Mexican Grill? Or is tha
by jldugger 7y ago
> I usually buy a put (option) just in case 2008 repeats itself. I bought a put last week for 2k (CMG) and now its worth 18k.
Chipotle Mexican Grill? Or is that something related to Chicago Mercantile Exchange?
Cuz like, the terms of my RSU package expclitly forbid dealing in related derivatives. I cannot offset downside risk like this with options.
- Someone1234 7y agoIt doesn't have to be related to offset the risk. For example you could offset using the SP 500 index, not violate the rules, and still protect yourself from a 07/08 style market collapse.
- jldugger 7y agoTrue, but I'm not sure how I feel about buying puts on stocks I own in bulk. If I'm making that kind of directional bet, wouldn't I also be better off shifting from SPY to AGG?
- sdinsn 7y agoYes, he's referring to Chipotle