Oops, you just lost 15% on your trade!
Well it seems that the headlines have changed since you bought the put options. Not long after you bought your put options, President Bush announced that a coalition of UN Nations would be invading Iraq. In the meantime, the GE stock has shot up 15%.
It seems like the beat-down bulls finally have some confidence again and are rushing back into the market. It is not clear how this war will directly affect these stocks, if at all. The clear thing is that you shorted a company just like everyone else–and it turned around on you.
General Electric
Source: MSN Money
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