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AIB - Out of AIB Puts for a 116% Gain
Recall we bought these puts for $0.60 at the end of July ( http://shortscreen.com... ). Out today at $1.30.
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That is a nice gain considering the positive overall market action during that same time period.
Thanks. Definitely has been an inauspicious time for bearish bets, particularly puts. With the headwinds of the bullish market action + the drop in volatility over that time period I figured I'd get hammered on all the puts I bought back then. Fortunate to take in profits in three positions today.
Going forward though, I am going to try to avoid exposing myself to market action like that. Trying to figure out a more market neutral approach.
$AIB finally gets nationalized today.
Link for that: http://finance.yahoo.c...