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re: They say to never time the market... but it looks like it's time to go short

Posted on 6/10/16 at 7:04 pm to
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 6/10/16 at 7:04 pm to
quote:

I don't know if you're right or wrong, but I know you've done a ton of research to lead you to believe that short equity is the correct play. O.K., so be it, you've made up your mind. Now discipline. Go in at your price point, at your time. And if you missed it completely, you really need to learn discipline, becuase you might need to wait years for another "perfect' set up.


Yep. Thanks for the sound advice.

I feel dumb for being on the edge of entering the world of options trading for so long, and then when I finally decide to enter, botching the implementation.

But it's no big loss. Keep cool. Maybe it will swing the other way and I will engage. Maybe it won't and I will just live and learn.

Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 6/10/16 at 7:04 pm to
quote:

$200 puts for March of 2017 seem to be going for about $9.80. Is that considered expensive?



Is that for SPY? Why go so far out and pay that kind of premium?
Posted by zeebo
Hammond
Member since Jan 2008
5431 posts
Posted on 6/12/16 at 9:12 pm to
"The market can remain irrational longer than you can remain solvent."
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