poul I've also made significant money on put options during two quarters recently. I just keep buying hem for insurance purposes, never expecting to collect except perhaps for that big one if we ever get it. So far the two occasions I made a profit just about paid for all those I bought over the past several years that expired worthless. Just goes to show this indeed has been a bear market. The question of course is where to from here? Of course only time will tell.
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