Where do you stand on the position as a whole? Are we to believe that you waited every day for 12 months to short until the day before yesterday and got the exact high? If not, you are probably at best even on your puts if not still upside down due to time erosion as well as price. Also, % gains on options are less meaningful than the gross dollars made. I know people that talk about 50% returns etc, but they only have a few thousand in, so 50% is not an appreciable amount of gross dollars even though it sounds great at cocktail parties.
Yep, placed my bets on the table on Monday and the CFC earnings triggered the downfall. Half of my total portfolio is short at this point with the only long position being my company stock. The short half of the portfolio saw 300% plus this week with about 10 different short positions. This was one of those weeks you couldn't lose if you were short unless against AAPL or AMZN. With that steep sell-off at the end of day Friday below many support levels on the indices Monday could be very black. I'd even consider selling my company only to be able to buy back cheaper in the near future but I am restricted on that one.
