Over the past week, I have looked on with horror at how my TLT calls and SPY puts continued to ascend in price after I sold them. The SPY puts late last week were up nearly another 1,000% (seriously……….) and the TLT calls, at this very moment, are up another 700%. Sheesh.
Not surprisingly, I am increasingly interested in options positions. I have acquired put options (that don’t expire for months) on the individual stocks below. These are, to my eyes, the best of the best with respect to bearish potential.