Okay thread, I"m bullish on JDSU and I'm actually hoping they'll sputter down again tomorrow. I'm going to start selling puts again, now that I've exercised so many QCOM shares. Looking at today's action the Feb 200s were really popular (almost 900 of them--but who knows, maybe some were buying puts). In any case I'm a little cautious about that strike although the premium is really nice, right now it's between 17 and 18. If you sold 10 contracts for instance, you'd get $17K in a month.
However, I'm not that brave. So I'm going to sell just a few contracts of, most likely, the 190s for 13. I might even do the 180s for 10. Better safe than sorry. Reid, if you're reading this, does that look like safely below the 210 support level? How strong is 210?
I also want to buy calls tomorrow, but unfortunately the Septs are not out on the Dreyfus chain. I'll call Fidelity tomorrow and see if they are out. They were supposed to come out today, right?
Jill |
