Tuesday, June 4, 2013

SPY JUL 160 Mini Put options

I went ahead and got 6 SPY JUL 160 Mini Put options for the active trading account. That will give me less then 2% of the Active account so if these have to expire worthless it won't hurt that much. Yet it will still give me some protection to the downside.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

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