Thanks RR....Understand my initial reasoning in going OTM with jdsu was that it looked like with nov here and a naz rally at hand, I figured a retracement to $100 area was iminent. Additionally, they were fairly cheap....another reason why I am contemplating adding at $2. Adding at $2, gets me out even at $4, or maybe even a little less. I figure if I believe in jdsu and believe she will come back by march, I am better to stay the course, rather then take yet more losses and bail on those 110's now. Regardless, with the itm's and otm's, the basis is still that jdsu comes back. If we believe that, we should be ok on either. I do understand your reasoning in staying away rom otm's, but again, the itm's are a little too pricey for me right now....I figure to be out of the calls long before trying to excercise in march....hoping a run to $100 by jan/feb gets me a little profit and out I go......as it is, I need jdsu back to $80 to get out even or thereabouts...would you not stay the course....I believe you said you would, but you wouldn't add more.....again, my reason for adding is simply to enable me to get out quicker and easier, if she turns around.....
Thanks again...as always....keith |
