RE:RE:RE:April Options Expiry Thanks Lattice for your reply
Appreciate your feedback and comment. On the VRX call on October 2015, honestly was just a lucky call and trusting gut feeling. After seeing the interviews of Andrew Left speak his points, it seemed legit. He was short VRX but it was validated based on his research.
I'm definitely a novice, i've made a lot of damn mistakes and still learning. Perfect example is with CXR right now, bought at $60 and currently at loss, trying to figure out if should average down, hold or sell.
Based on the information you and ohwhatanight said. If put options are contracts to buy the shares at a certain price. Should I average down, and then buy put options to prevent further losses if there should be an even greater down turn. The pretty much hold and wait till stock price recovers.