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  • tonyforgoog tonyforgoog Apr 25, 2009 6:50 PM Flag

    Selling 85 puts

    I have short position opened a while (low 70s) Selling 85put was a hedge for me. I can always take it out, but now 85p is ATM (max premium). I still can close it when it drops to 80. At this point, i think amzn at 80 is fairly priced. Seriously, u cannot find anything with this profile in this kind of environment.

    i am looking at some other small cap tech to short. i think it has a better chance than shorting amzn below 90..

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