Open Question
so lets say I own the stock STAR. I want some protection in the form of puts.
How do I do it? I have lvl 1 options. I bought it STAR @ 24.70, 84 shares.
=2000$
So how many puts would I need to protect myself. Is it worth protection with
this amount in?
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You could buy one 25 strike put. However, that could be too pricey. For 84
shares of a stock, using a stop order is better than playing options.
Answered by Scott Rothbort / Lake View Asset Management, LLC
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