But look at what could go wrong. Steve Jobs' health for one--one skinny guy with a history of cancer and a used liver gets another life threatening illness and your investment is worth bananas. (As in, you would have been better off buying banana futures.)
Comments
Wait I would have made 10% on my money just by putting it in Apple shares and not the bank for the last week or two?
Yeah. The catch is you could have also lost 10%. or 20%. or more.
Doesn't seem a bad risk going on these figures though. I had no idea solid companies had decent share return rates.
But look at what could go wrong. Steve Jobs' health for one--one skinny guy with a history of cancer and a used liver gets another life threatening illness and your investment is worth bananas. (As in, you would have been better off buying banana futures.)
October $210 puts are $4 a share. A bit pricy, but that would protect you from the catastrophic downside.