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Strategies & Market Trends : Options
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To: Poet who wrote (5908)4/3/2000 2:04:00 PM
From: Seldom_Blue  Read Replies (1) of 8096
 
I was looking for a down draft and I got one. But I still cannot buy anything I want to buy. The reason is that my puts have all come close to the strike price. RMBS is actually ITM. Should have closed my SEBL April 110 puts at $1 when I had the chance. Well now it is at 8.

I need to do one thing: I should never let anything expire. I figured there is no way SEBL will come down 50 points by expiration, so there was no use to waste $1 per contract. I could have closed and re-sold the puts and make another $7. Aaaaaaaarg.

Looks like I will have to ride out to April 21st.

I may pickup some calls later if I think it is turning. Or I may wait until tomorrow.

Seldom Blue
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