Technically, you can buy a put and get a profit after you sell to close when the market is bearish. This means that you buy at $0.70 and you sell at anything lower you effectively make a profit...
That said, why in the brickshits was my options running a loss??
losses looks like this: ($700)
profits look like this: $700
I bought at sevennycents and the option was already pushing fittycents. WHY?
Aiyoooo pening. Losses at $1000+ or something okay. It sucks even if it is tipu money.
My account has one million worth of tipu money by the way.
It. Still. Sucks.
k... time to ask people who know better than me... even dad's stumped.
Edit:
I changed the put to a call and made $800 today... I'm happeh...
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