Hey Herm,
I need to buy back my ROST 15 puts this week, hoping for a little more runup to get them cheap. I see good things on this stock, again. Earnings estimates were just increased across the board. This stock has basically no negative fundamentals. I sold the March 15 calls AND Puts, hoping the stock moves sideways for the next month, and collect on it.
KM is killing me. I need it to pull up a couple of points so I can sell the 10s at a reasonable level. If this truly is a seasonal stock, we may be looking at sitting on it for a little while. You're LEAP play sounds good, but I think you're gambling a bit. You're spending money to make less money, unless you think you can get called out. The sept. 15s at 3/8 isn't much considering you spent 1 3/4 on the JAN 01. AND if the stock isn't above 12, you're looking at a loss. You're pretty close to expiration on the LEAPS at that point. Although, I expect the stock to move upward over the next 6 months, so it might be a good play.
I don't know if you ever got into SKS, but I sold puts a month or so ago, when the stock was around 15. I sold the Feb. 17.5s. Amazingly, I had the stock PUT to me yesterday. Unreal. Never happened to me before. Thats a bummer too, because I was looking for a good point this week to roll out a couple months, try to make my money back in time value. Oh well....let that be a warning to all. I guess now I'll have to wait for a little runup to sell calls...
Good luck...
Ryan |
