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AIB - Out of AIB Puts for a 116% Gain

10/14/2010 01:31 PM by Dave Pinsen

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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  • 10/14/2010 07:45 PM by avoidthegarbage

    That is a nice gain considering the positive overall market action during that same time period.

    Rating:
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  • 10/14/2010 08:16 PM by Dave Pinsen

    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.

    Rating:
    4
  • 12/23/2010 11:45 AM by Dave Pinsen

    $AIB finally gets nationalized today.

    Rating:
    4
  • 12/23/2010 11:46 AM by Dave Pinsen

    Link for that: http://finance.yahoo.c...

    Rating:
    4
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