Today marked day two of stock annihilation in America. After yesterday’s bloodbath, many fearful investors were desperate to sell their stakes before they lost more value. This turmoil sent the entire stock market into some sort of panic mode, where the majority of high-flyers continued losing up to 10% of their worth. If you’re interested in finding out just how bad things got in the midst of the craziness, here are some charts taken from yahoo finance showing change in value of puts for SPY, AAPL, and NFLX.
Here’s some inspiring motivation: Some guy out there got a 2,200 percent return on an investment in a single day.
Luckily though, the opportunities are not gone yet. In fact, some would say that the best chances to make money have just arrived. Like I stated in my previous post, the market should see a rebound sometime next week as the confident economists will be hard at work this weekend convincing the masses that all is well and that the markets can’t continue crashing. If such a rebound doesn’t occur, then things could get really bad.
Oh well, at least calls are cheap.