Last year I wrote an email to my friends describing how Le Chiffre in Casino Royale got himself into a position that required the poker tournament. He was trading options in the stock market. More specifically he was trading put options which make you money when a stock price falls. Today I got a sense for what he was hoping.
I happened to be in 3 put trades today, and I made quite a bit of money. Of course this is not real money because I am practicing, but I can say that I have never been this excited to see the market drop like it did.
Tuesday, February 27, 2007
Put that down!
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3 comments:
Where does the term "put" come from?
And when you start using real money, and become super-rich, I hope you don't forget the rest of us here in the Kool-Aid Gang. I know you watch Entourage, so take notes. ;-)
Oh my friend, it might not be quite like Entourage, but let's just say a yearly get together will never be opted out of by anyone due to money.
Party at Willie's house!
WOOOOOO!
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