San Diego Housing Market News and Analysis
Got some deep out of money S&P500 puts
User Forum Topic
Submitted by gzz on March 1, 2017 - 6:49pm
Sept 2017 180's. They were about $90 each. If the market falls by half they will be worth $6,000 each, if it falls by 1/3 they will be $2000. Not likely to happen, but some things that have more than a 1 in 500 chance happening this year:
North Korea invades the South, threatens to nuke any attempt to stop it
a dirty bomb hitting a major city or two
war with Iran closing down major oil and gas supply routes and missles hitting Saudi Arabia and the Gulf states
Huge earthquake causing a trillion in damages and bankrupting insurance companies and reinsurers, chain reaction collapse of other financial companies.
Lots of other unknown unknowns. Overall I am an optimist and bullish, but i pick these up every 6 months just in case, usually on a day like today when the market does very well.
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