Selling Puts: Have Cash Will Travel Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Selling Puts: Have Cash Will Travel

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jjs_ynot who wrote (1205)	9/27/2000 5:43:23 PM
From: OX	Read Replies (2) of 1235

yes, still short SPX1450P. when I wrote the puts I did not think we had bottomed, but wrote a partial position nonetheless. so in this case, my risk/money mgt is not overleveraging and continue to determine if my underlying analysis remains unchanged. my current plan is to hold the short puts thru expiration and maneuver accordingly at that time (unless my outlook changes). should we get some stablization or a spike down, I have capacity and desire to add to my position. but since I had already attained my Sept-Oct "quota" for my trading, I was not anxious to be a hero, at that time. I have already "added" to my QQQ positions by writing the Nov95 calls (to my 89 purchase) on last weeks bounce. then purchased more QQQ between 88-89 in last Thurs afterhours and just after the open on Fri. and writing Dec89 calls on the bounce. (also in IRA). I have a bit left for any further spike down as well. as you know, I have different "quotas" for my IRA (CC's) vs taxable trading (NP's)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next