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Strategies & Market Trends : Gersh's Option trades

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To: Gersh Avery who wrote (42)9/9/2004 6:18:50 PM
From: kaka  Read Replies (2) of 652
 
Gersh,

Did you give up on the strategy? Trying a different approach?

I had a great August expiration, but of course its in a margin account, and I never had any long contracts....just short strangles and straddles for DELL. The only contracts which didn't expire worthless were my 40 short Dell 35 puts...only cost 0.15 to repurchase. In this stagnant market, I'm never long. Have been setting up similar September and October positions since the August exp, and Sept is also looking good.

Good luck,
Kaka
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