First of all let me very clear. I am long term 'Long' on Google. It's one of my favorite companies. I felt the stock had peeked when all good news about earnings and everything is done. So I got some December 62,635,670 good puts. I nearly have 100 k losses on this. If I pull of out this right now, there is no point. any advices,suggestions (sincere advices please) are welcome. The last thing I want is people tell 'well you put puts on google,so you deserve it 'or any such sarcastic statements.
What kind of suggestion do you expect? For some people 100K is a lot of money, for some not. Often when I have a big loss -- I close that position. Usually then now hypothetical loss increases twofold, but then reverses proving two things:
1. Good thing that I existed early.
2. If I waited three years and survived twice the loss -- I would've been proven right and returned my money and then some.
But I usually short companies that are fundamentally overvalued (with huge PE and no huge growth prospects) and Google is not like that. PE minus cash is tiny and growth prospects are very healthy.