I rolled a lot of the puts into later expirations, which have become almost worthless. I did cash out or convert into long positions some of them, and made about 10x my initial bet as a result. (In other words I lost about 80% of my paper profits.) It seems like I have a tendency to get out of my bets too late (same thing happened with Bitcoin), which I’ll have to keep in mind in the future. BTW I wrote about some of my other investments/bets recently at https://ea.greaterwrong.com/posts/g4oGNGwAoDwyMAJSB/how-much-leverage-should-altruists-use/comment/RBXqgYshRhCJsCvWG, in case you’re interested.
Now that April 17 has passed, how much did you end up making on this bet?
I rolled a lot of the puts into later expirations, which have become almost worthless. I did cash out or convert into long positions some of them, and made about 10x my initial bet as a result. (In other words I lost about 80% of my paper profits.) It seems like I have a tendency to get out of my bets too late (same thing happened with Bitcoin), which I’ll have to keep in mind in the future. BTW I wrote about some of my other investments/bets recently at https://ea.greaterwrong.com/posts/g4oGNGwAoDwyMAJSB/how-much-leverage-should-altruists-use/comment/RBXqgYshRhCJsCvWG, in case you’re interested.