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Strategies & Market Trends : Short-termSelling Puts (Covered Calls by another name)

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To: Rocky9 who wrote (55)2/14/2007 3:32:37 PM
From: Rocky9  Read Replies (1) of 66
 
"I'm not sure that I will do quite as many options for March (though the volatilities on the MNTA seem too high to pass up)."

Well, there was a reason for the volatilities. And I'm on the short end of that reason. Oh well. I will be the owner of more shares next week (and selling more calls to cover).

As to NURO, I hope to extend those put sales, but I might end up letting the shares be put to me and then write calls. We'll see what the market does tomorrow.

My real (biggest) loss is in VLTR which is inching higher. I hope to close the put with less of a loss than it looked like last week.

Oh well. It might not be a profitable month after all.
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