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Archive of entries posted on 10th January 2019

What do you do when you know things are going awry in a company, or sector?

Amazon killed the box retailers over Christmas. Today they all crashed. My friend was long Macys (Go figure.) But he’s smart. He sells calls against his Macys. He makes $4 for the now worthless calls. Macys is down 18.4% today. But so are his shares. They’re $25.91. He sold his calls when they were $32. […]