Saguaro traded Meta from $90 puts to $200 calls in four months
Jim Falbe · Jim Falbe – Modern Value Investing at Saguaro (Capital Allocators, EP.320) · Jun 8, 2023 · at 45:50
Jim Falbe, founder of Saguaro Capital Management, describes an execution cycle using put and call options on Meta.
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“We were writing put options on Meta slash Facebook in November, and then the 90 dollars or something, and then we turned around and we were writing call options once it got past 200 in March. And so we were able to kind of see the full investment cycle on the name where we earned a lot of excess yield writing these options and got to take our position up and then got to exit the position.”
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