Yeah, half an account in a short does not equal 40D in a long put. If he's smart (big if) he'll take the money as source of funds for something reasonable. In reality he's at 20% exposure and it looks sim to me from the tape. Regardless, his target in the mid-500s is silly. It's not going to trade under $595 prior to earnings. He's paying 700-800 over post-report vol to short some deltas. PCLN is the short. Massive run up and will be taken down in sympathy if AAPL misses and no report premium.
Ur on the wrong side. This market is gonna come down fast, I wanted to short gold too, i couldn't pull the trigger a day ago or monday. I was waiting for a decent pop today to sell, maybe ill get it tomarrow or fri. Golds done, next stop $1250
You're not a trader with only a $10,000 account.....you're a trader wannabe otherwise known as a piker... I'm beginning to believe that maybe EMG is right small traders lose...they just lose..
worthless and to risky... ther are enough other chances to make money. "Half of my cash on hand is on this," lol no risk and money management ???