WTF HUM? - This is why you diversify
Stock Picks, Finance - - Posted on March, 11
My mother-in-law is from Scotland. They have a saying over there that popped to my mind when I saw HUM this morning, “For F*ck Sake!”
It was down 20% on sympathy with Well Point’s news that they were lowering earning forecasts. We have a huge bounce in the broader markets and I stand to recover a lot of my paper losses from yesterday and yet my two HUM April 65 puts are sinking me back to a loss again. I’m debating on what I’ll do with HUM. I have until April unless it’s assigned early, but maybe I should cut my losses now or maybe I should hope it comes back up some. It’s down $3 from when I first thought about it.
I wrote the above text about 30-45 minutes ago before getting caught up on something else at work. It’s 1:15 now and down a little more. I bought back one […]
Original post by Alex Fotopoulos
