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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (131)8/8/2000 8:39:41 PM
From: Clappy  Read Replies (2) of 176
 
TRADE

When I got home from work I had wished to close the SDLI position.

Right now the AUG 350 Put closed at $10 with a bid of 9 3/4 and ask of 12 1/4.

Obviously now I've gotten to see the good CSCO results.

Therefore I will not use these values.
Hopefully tomorrow will provide numbers close to these in the opening.
I'm trying to keep this as realistic as possible.

My thoughts right now is that if the Naz breaks through it's 200DMA and it's 50DMA it will be in great shape to continue.
What ever puts that I have that are salvageable will be sold on any dip in the market.

My JNPR puts are not holing any value. These I will hold until expiration unless someone offers me another solution.

We'll see how the Naz plays out tomorrow.

I'm guessing we still test some lower numbers before the FOMC meeting.

-Clappy
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