Nice. My SPY puts have doubled in value since I bought them Friday.
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Replying to @phonytope @DanielleFong
Hi, what is SPY, i don't get it and google search returns me a unclear mess.
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It shows me a stocks failing. But you show numbers up.
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Replying to @Hugo_Lz @DanielleFong
Right: when you buy puts or short a stock, your numbers go up as it goes down. SPY is an ETF which tracks the S&P 500. Buying SPY puts is betting on it going down.
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Replying to @phonytope @DanielleFong
"Buying SPY puts is betting on it going down." = thanks ! It's what I guessed (and recommended to my host-sister). Guessing it would happen *exactly* on 02.24-25 was a good guess tho !
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Replying to @DanielleFong @phonytope
I haven't much in bank, nor it is my familial culture, and I have no training on those so my agility in this field is "limited" (lol). ETF are enclosed stock markets linked to main stock market via delayed bucket-exchanges = less reactive, less fees. https://en.wikipedia.org/wiki/Exchange-traded_fund …
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Replying to @Hugo_Lz @phonytope
Yeah it’s a full on hedgefund as a structure, is what I’m doing
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Replying to @DanielleFong @phonytope
Had a chat with Sillicon-valley friend, he says you have suitable training which i don't. Also, option too expansive now.
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Replying to @Hugo_Lz @phonytope
eh, no worries. i'll get it done. we'll fix allocations later, right now we are coasting this into a new footing. savour the day! we actually won the battle, if not the war.
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remember I have no training either, I am a smart n00b.
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