Stocks

[MaTH716]

Originally Posted by Rupert Pupkin

I practically never buy options that are way out of the money. The only reason I'm doing it in this case is because Harry Dent is predicting a huge crash between now and December. So I'm taking a shot. I could just short some Spyders but then I would have unlimited downside risk. I'd rather just buy these puts.

Obviously you mean upside risk.
But I should have mentioned it before while the market was still open. Maybe you should have considered rolling those July puts into August. Because now you are going to have those July options decay for 3 days. It is a very short month expiration wise and you only have another 9 trading days for your puts. So if you have a chance maybe consider rolling them into August, even if you have to go down a strike to make it a little less expensive.