The one takeaway I learned from 2007 is to buy puts when I feel like there is going to be a recession. It may just give me enough money to last a year or two if I lose my job.
Starting last week, I bought a put (just 1) in Chipotle (No particular reason, I just picked a random one) for 2000.
Its the one bet I hope I lose money on, but so far my position (2k investment) have grown to over 6k. (300% increase).
Its sad money because when the market goes down, my RSUs are dropping significantly more. The put are there to make sure if I lose my job and my RSUs, my put position will generate enough profits to last me 2 years without work. I only need 24k to get by / year.
Just wanted to put this out there in case someone else out there has alot of RSUs that are stuck and wanted to buy some positions to make some money in case of a recession.
Starting last week, I bought a put (just 1) in Chipotle (No particular reason, I just picked a random one) for 2000.
Its the one bet I hope I lose money on, but so far my position (2k investment) have grown to over 6k. (300% increase).
Its sad money because when the market goes down, my RSUs are dropping significantly more. The put are there to make sure if I lose my job and my RSUs, my put position will generate enough profits to last me 2 years without work. I only need 24k to get by / year.
Just wanted to put this out there in case someone else out there has alot of RSUs that are stuck and wanted to buy some positions to make some money in case of a recession.