I have used my imaginary $1100 ....at the moment about 54 cents. I don't want comments.... I want guesses. I want to refer back to this post in 7 months and have a good laugh. You all get $1100 for puts and calls. Roll up, roll up. Yes, even you Skyrocket. If the aliens have a hot tip then bring it on.
Thanks for also inviting me to join but I know little to nothing about "put" options. :/ I'll have to read into what "put options" are more and checkout Newcrest mining before coming back with my guess. And no tips from BM on things of this nature. I do know if economies go south, PMs will go north, so I think most PM mining shares/companies will do well. Here's to another GFC!
Just checked out what "put options" are and they look to complicated for my understanding so I'm going to have to opt out of this imaginary bet. put option Definition: A put option is an option contract in which the holder (buyer) has the right (but not the obligation) to sell a specified quantity of a security at a specified price (strike price) within a fixed period of time (until its expiration). For the writer (seller) of a put option, it represents an obligation to buy the underlying security at the strike price if the option is exercised. The put option writer is paid a premium for taking on the risk associated with the obligation.
