Invest money

Last week I bought DDS put Nov 08 put at $2.5. It has been quite a loss. So I’m going to sell Nov 08 put to offset the loss. If the stock went down, I will loss from the sell of Nov 08 put at $5, but will reduce loss from the buy of Nov 08 put. This will create a Vertical Credit Spread, which have the same expiration months.

Dillard’s Inc. (DDS:US) fell 7.2 percent to $3.10. The department-store chain may have its debt rating cut by Moody’s Investors Service, which cited the company’s “continuing weak operating performance.”

So I expect them company’s share will keep go down. I bought Nov 08 put at $2.5. The symbol is DDSWZ.