In general, you can play that game and be in a very safe place relative to how it looks. So what i did was take a 35 dollar to 40 two dollar profit and turn it into 30 dollar to a forty two dollar profit make sens so y, totally. But i didn't actually buy shares. What i was doing as we were close enough to our margin of safety that i could just sell the put options and try to get put the stock at 55 if it came down there. And one of the very frustrating about that is, of course, now i'm not in where i can have margin. I have to actually have the money held by the broker because i'm so close

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode