Geffa I am short a few puts thats true:
short 2 cba puts
short 5 anz puts
But I am long these puts:
sgb x 33
wbc x 4
rio x 5
Then I have all these calls written, some deep in the money:
sgb x 3
rio x 1
tls x 4
anz x 10
wbc x 6
nab x 2
So if the market crashes, I will lose on a few and win on a lot.
