I shorted 5K shares @ 10 as a gamble. Looks like I will make 50K now. I plan to short AIG with the winnings.
Good play, but I would’ve bought the 7.50 puts…getting short in a situation like that is a hell of a gamble. If those Korean’s stepped in and Fuld convinced them to buy at his perceived book value, it could’ve been ugly for ya. At least w/ the options, you know what your downside is.