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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Mama Bear who wrote (7898)12/6/1997 10:46:00 AM
From: Dan Lisman  Read Replies (1) of 9285
 
>>> Alex, Not counting commissions, Jan 50 puts have a premium of 9 1/8 based on current price of 56 1/4 and put ask price of 2 7/8<<<

Barb,
You are correct, Time premium is a sellable commodity and your approach is better if your objective is 4 baggers. I too would not hold until expiration. I was trying to provide a simple example on a subject that is NOT simple. My objective is 50% - 100% profit and trying to do this for 2 out of 3 trades. Therefore, I would take my profits earlier and look for another target. I still think all YHOO puts are too expensive.
BTW, My favorite puts this week are EGRP, What are yours?

Dan
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