What To Do When An Investment Tanks
Way back in January, I sold a $15 put on Tricon Residential. My thesis was that the company would continue to do well, share prices would go up, and I’d roll my money over once the put option expired in June.
Everything went as planned, until late April.
Tricon slid from over $16 per share, down to its current price of $9.54. And now, I’m holding an extra 100 shares from my…