In a post last week, I mentioned that the cost of hedging a position in the S&P 500 tracking ETF SPY against a greater-than-20% loss for six months was about 1.3% of the position value. Checking it again today, the cost dropped to about 1.1%. So I went ahead and bought a few of the 96 SEP 10 puts on SPY (SWG100918P00096000) today at $1.34 each. Next month, when Q1 numbers start getting factored in to the Altman screener, I’ll probably buy more puts on individual stocks from that screen and sell any puts set to expire in May.
Related posts:
- A quick update on those OTM puts Those BHP puts I mentioned here in previous posts, the...
- The cost of hedging SPY against a >20% loss With the S&P 500 touching a 52-week high today, I...
- Short Screen prices going up for new members [caption id="" align="aligncenter" width="250" caption="The Short Screen bear on the...
Related posts brought to you by Yet Another Related Posts Plugin.
