Quote:
Originally Posted by Internet Guy
Who's going to take the other side and write you those PUT options?
Be careful, because it's usually the big experienced cats writing the options.
Shorting a bubble requires a very strong stomach and deep pockets, patients.
"The market can stay irrational longer than you can stay solvent."
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No doubt about it, writing options is the most profitable, as they almost always expire worthless. Leap OTM puts on this sucker and there's very little downside other than your original investment. The bottom line is you can't sustain a 1200 P/E for long. They make $8 million dollars a year and they said they're going to LOSE money next year! This stock should be in the single digits.