Joan, absolutely, some of my best "cyberfriends" are amongst these. As a matter of act, when RMBS was going already in the high $200, I came here and suggested to Earlie that the time was near for such puts, and when it went above $470 and cracked back just under $430 or so, I came back and said that now the time is "very ripe" for such actions (VBG).
Now RMBS is back at $150 or so, and I have a GTC at $122 with a stop loss just under $110.
An by the way, I did not ride RMBS all the way to to $471, and I never mind leaving a bunch on the table. It was the same with MU, I had a scenario target of $120, but bailed out at $110 and left quite a lot on the table. I learned this "trick" (leaving stuff on the table) from much better players than I am (VBG).
Zeev |
