My amzn & Google naked put sell is In deep red . How to play it on Monday to recover the loss.

His problem is not shorting naked puts, it is he cannot afford to short GOOGL and AMZN.

 

Dozu says mortgage or pawn everything to raise capital. Buy shares in pawn shops when done.

 

@Millionaire_Raj lives in Singapore. I don't think they have subprime mortgage.

 

After a two-day nearly-2000 point drop? Definitely—if you have the capital. Which is why the rule of thumb to not risk more than 5% of your capital on a trade is so good - it gives you the option to risk more when necessary.

 

A job.

 

AMZN drops another $64, GOOG another $48. Good thing he got out. If I were him I wait a few more days and get back in.

 

There is no repair strategy. What you proposed is now down a double. Good fucking call, Bro.

 

Get it out of your system and move on. Been there done that.

 

I actually decided to take such trade, just to test it out and to eat my own words, and so that you shut up. It's not down a double, while we'll see what happens. Keep in mind it was an idea, not something anyone else needed to do. You have own trading style, but this doesn't mean nothing else works.

 

Not to throw fuel on a bad idea, but at what point in this absurd drop are we all going to be tempted to start selling naked puts?