By Teeka Tiwari, editor, Palm Beach Confidential “Still buying that magic internet money, huh, T?” It was early 2016… and I was on the phone with one of the most irritating people I know. The guy happens to be a very good trader. At market inflection points, I’d call him, and he’d give me great reads … Read more
When the market crashed in March, I used a small amount of margin (borrowed money) to scoop up stock indexes on the cheap. Since then, I sold calls against half my portfolio. I used the cash to pay off part of my margin debt and buy some long-dated puts on the broad stock market.