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Strategies & Market Trends : Options
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To: Seeker of Truth who wrote (3648)2/25/2000 9:05:00 PM
From: Jill  Read Replies (1) of 8096
 
I'll answer not for Poet but for myself.

When you have a number of put positions open, even when it gets down to under a buck, they hold significant margin collateral. It's really annoying. I always close them under a buck and then open new positions. Its more profitable in the long run, by freeing up the extra margin collateral you can jump on the so-called 'anomalous' situations with high voltaility and oversold.
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