<<Keith, You hit the nail on the head. I did the same things as you, at about the same price, for the same reasons. Obviously, someone is monitoring our trades as a contrary indicator.
INTCfan
>>
So what the hell do we do now ? The premiums on the Sept's are not worth covering at this point....I mean, if I just paid $90 or so, why do I want to cover it at $90 for a buck or whatever it's going for now..... I thought about covering my rmbs with the oct's and go with a higher strike price, but again, I dont want to do it on a down day. At the same time, if rmbs is gonna continue it's downtrend, then hell, I guess, getting anything in premium is worth it. Any thoughts ? I am really kind of bewildered that it has trended down in an up market....dont really know what to make of it. As I mentioned in an earier post, I thought about trading in some shares of rmbs for some sndk. I would have to sell the rmbs for a loss, which I hate, and buy sndk while it's going up........any idea's ? By the way...I bailed on the last of my VIGN calls. They were for December, and although I think vign is gonna move, it's just been dead for too long and I figure I can jump on the stock or some calls that are further out.
Keith@whattodowhattodo.com |
