Simply put if it goes up, because of your holdings you'll happy. If it goes down in short term, your small amount of puts will print so you'll be happy. A simple diversification tactic.
Especially when it's rumor driven sharp boom which is doomed to fall soon.
superlip2003 t1_j6iouy2 wrote
Reply to comment by SWCT-sinistera in A theory of how PIF wanted to play LCID acquisition - but was sabotaged by No_Low_2541
Simply put if it goes up, because of your holdings you'll happy. If it goes down in short term, your small amount of puts will print so you'll be happy. A simple diversification tactic.
Especially when it's rumor driven sharp boom which is doomed to fall soon.