Post #340 by mungofitch on the Falling Knives board

Investment Strategies / Falling Knives

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More weakness, but with GOOG at $160.39 I'm seeing the Dec 160's mid-price of $9.38. Nice entry point but certainly not 22%. Need more panic...

I was pretty lucky with my entry last week. For option writers, VIX at 60+ is like shooting fish in a barrel, but you probably won't want to wait for the next such day: they're pretty rare. The options I wrote that day are (surprisingly) profitable at the moment despite the stock price being lower now than when I wrote them.

Jim

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