The faster the rise..., page-89

To all I just quickly scanned most of TT posts. In the first post he said options. In every post after that he said options. Never did I see the word short. Options are great hedging tools. Depending if you buy in the money or out of the money options. you can bias your return. For instance my MP puts are deep in the money. Lets look at in the money March MP puts, $55.00 are currently selling for 10.00 Now if price goes down 5.00 then I can look at the 60.00 puts to see what my puts may be worth. They are selling for 19.33. This is exaggerated, I have no idea why. Normally I would expect only a 80%~ 90% gain. If price goes up 5.00 Then I look at 50 for a guess at what They may be worth. $5.10 a 50% loss. You also have time depreciation on Puts and calls, but it is mild till the last two months.
Here is the march option page for MP the 60s are still 19 but that should correct sometime to day. Options do get out of wack sometimes so it is always good to watch for a few days before actng https://finance.yahoo.com/quote/MP/options?p=MP&date=1647561600


So calling Options shorts is just crazy. Shows a lack of investing experience. Saying gain or loss is same as stock movement is just wrong. I am expecting a broad correction, So I am increasing my put position slowly from about 5% of my portfolio to 10% as a hedge.
Several of my positions on Monday all went red. Two were tesla and MP. Luckily since then both stocks have dropped and now I am slightly in black with one and red with the other. Thats fine with me even if I lose because they are for hedging to increase my overall portfolios performance if Market corrects. If it does not. Then that is the cost of insurance.