Hi Eric,
I see two people have responded to you (kinda <g>), but I'll barge in anyway. The Nasdaq is very weak, closing at a 52-week low today. Personally, I would not be holding any calls on Naz stocks over the Thanksgiving holidays, for two reasons:
1. It is still not clear when the e-word will be settled, and when it is,what the strength and duration of any ensuing rally will be.
2. because of time decay, I generally don't hold front-month calls over any long weekends. Not only will tomorrow's trading be shortened (I believe), but traditionally there's not much action on the day after Thanksgiving as well.
It's so difficult to apply mental stops to options positions, yet doubly necessary because of the time decay factor, in my opinion.
Of course, the standard ass-covering applies here: This is only my opinion, not advice. |
