I doubt he is selling puts on airlines since his stake in airlines is really high and he says he doesn’t want to go above 10 % and he is pretty careful . I doubt he has been doing anything the last year people has been speculating based on his filings but the etf purchases he said was done by some pension fund and kr was done by one of the money managers which I’m sure rh was done as well along with the selling of Apple. He doesn’t make too many moves other than I think he decreased his wfc pos and increased bac position. Hope this helps
Yep, if I had known how simple and easy it is to make money selling naked puts before. Thank you, PoopyDeek!
Gentlemen, I think we should all agree that pure option sellers are there to think they are smarter then MM/Synthetic and other market forces moving through options. Yet not a single one has come back from an event that has taken people with bank roll 5000 times their size down. They don't want to understand or acknowledge the other factors in movement and what makes options work and an instrument that requires more then buy or sell single legs. It's like explaining to SweetBobby that his idol is a fraud. He still hasn't gotten it and never will.
@SweetBobby is the fraud. He was posting his TOS paper trader account when the mkts rallied and his production account when mkts fell. Read the thread.
Should be okay if you didn't buy on margin and you can hold long enough. But down about $40 from Tuesday! Ouch...