I’m new to options and I have never bought them before, I don’t even have an options account open.
However, I know the basic premise of put contracts, and given the recent news of META and TSLA, and perhaps TWTR, would looking into put contracts be a good idea?
Technically, once news breaks it should automatically be ‘priced in’, so I would essentially be betting on further bad news given the already existing bad news. If that makes sense.
Full disclosure: This is a more or less a desperate attempt to recoup losses from held stock positions. I am currently down ~60%.
Encourage or discourage me.
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