Q: Not really a question, more a comment.
HPS would have been a perfect candidate for a collar trade prior to earnings, IF options were available,which they weren't
With such an impressive gain prior to earnings there was a big risk of a major stock decline if earnings weren't met.
A 23% decline in 2 days is pretty painful, regardless of how the stock has performed to date.
An option to hedge would have been nice.
Sheldon
HPS would have been a perfect candidate for a collar trade prior to earnings, IF options were available,which they weren't
With such an impressive gain prior to earnings there was a big risk of a major stock decline if earnings weren't met.
A 23% decline in 2 days is pretty painful, regardless of how the stock has performed to date.
An option to hedge would have been nice.
Sheldon