This week was a perfect reason why you buy puts to protect your gains. I know there are a lot of long term owners of ACAD but not to sure about long term option holders? I bought PUTS in the SPY to hedge against a general sell off. The PUTs i am holding doubled just today which kept my Bal in the green on a down tape. Not rubbing anything in just tryin to help people learn how to protect your gains with out selling. The reason i used the spy is they are a lot cheaper and protect all your longs. ACAD is just fine and in the long haul this is good for the longs GL2ALL Mike
Your acct needs to be cleared to trade options w/ Scott. They have at least 3 types: cash, margin, options (there may be more). There should be a form to download to fill out and send in so you have option privileges.