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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (2009)5/28/1996 11:14:00 AM
From: Judy   of 58727
 
Kevin.

On IOMG I'm hanging tight...like to see stock find support as end of week nears. I'd expect to see the price stablize by then, since closing price will be set for secondary offering of 5 million shares. Maybe upward drift from that point on. Anyway, that's how I plan to play it for now.

Selling more puts when the spectrum of IOMG swings becomes clear.

Somewhere on the other thread, michael posted his IOMG play where he doubles buying puts to cover a previously sold put when the stock tanks. Said that it was a strategy that you showed him long ago. I assume you are balancing the implied volatilities when by doubling (tripling or whatever) the bought options to balance the sold options. Timing seems critical. Can you read his post and very clearly explain the strategy to me? Thanks.

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