I hope nobody on this thread is doing that with their core holdings, but it looks like people do trade short-term as well. Especially Tech2K, now that he is transformed into a daytrader.
I am doing a bit of cautious playing w/ short term put selling on QCOM. It's all a learning experience. So I had sold Aug 125 for 6 and bought back for 1 3/4 a week later then sold Aug 140 for...somewhere btw 4 & 5 (is this bad that I can't remember precisely???!!!!). I'm trying to do this cautiously, i.e. allowing for big correction I'm sure won't happen...and seeing how that makes me small but steady $. (I don't sell 40 contracts like you! Would if I could!)
I am also thinking of repositioning CMGI puts which originally I sold for 65 pre split, they were 180s then and are 90s now, at this point they're about 17 or 18 each, or 35-36 combined if I bought back, so I was thinking of buying back now and selling 01 150's which are between 73 and 76. I still like CMGI and figure it will move again, but with leap puts I feel fairly safe (tho taxman said no recently, didn't he?) I'm just thinking about it right now, does anybody have any thots?
For some reason put selling suits me. I really don't have a feel for call buying, for instance, and I don't know why. Maybe it's just that I don't like the idea of possibly losing my entire investment. And as edamo often said way back when on the Dell thread, "be the house", i.e. take in cash, you can't "spend" opportunity. And this makes sense to me. On the other hand, Tech2K seems to have a terrific feel for calls.
Jill |
