Still, I gave it a shot yesterday and acquired January $960 puts. We’re off to a good start, folks! Making money on a short is a good feeling, but doing so with a clearly malignant company is even better.
And let’s all agree, it has a long, long, long way to go. Fair value for this is probably 1/10th its present price, but the aforementioned broken healthcare system will keep that from happening.
As I said, though, we’re off to a good start, and I’ll cheerfully hold on to this sucker until the mid-750s!
By the way, I see equities have EXPLODED to the upside just now. GOOD! I’ve got cash waiting to get more aggressively bearish. Bid it up, bulls! You’re my new best buds!More By This Author:Targeting HuntsmanGTLS: A Thinly Traded Opportunity With Plenty Of Downside LeftSemis Set For A Historic Crash
