Last week, we struck gold with a monster FB July 27 172.50 Put at .02 to 2.19.
I want to thank idiot analysts for writing idiot buy recommendations on an idiot company called idiot $FB that has enabled my fund to reap an idiotic amount of money in this idiot economy. pic.twitter.com/xtEsU9u5F5
— Alastair Williamson (@StockBoardAsset) July 26, 2018
Before the FAANG meltdown, we were also buying out of the money puts on small caps and tech for pennies. Now, with the Nasdaq declining for the third straight session of more than one percent, these puts have exploded.
— Alastair Williamson (@StockBoardAsset) July 30, 2018