"Which is why I'm trying to sell puts. No luck yet."
>>When I decide to sell PUTs, I usually just hit the bid. Friday, I tried to get an extra nickle on some ARNA 7.5 leaps and ended up with a partial fill. To complete the order on Monday, I ended up getting a nickle less than I would have by just hitting the bid Friday. :(
In any case, when I just don't get something, I tend to procrastinate hoping to get better clarification. I think this strategy costs me more than it saves me, but I've never kept accurate records on that.<<
Depends on the spread, and how strongly I like the underlying, and how well I think I may have called the bottom, among other things. Sometimes I just hit the bid, too, as partial fills are indeed annoying, especially if I am concerned that the underlying is about to reverse and quickly head up again. Cardiome options have a fairly substantial spread. When this is the case, it often pays to test the water with an unlikely order and watch what happens. Sometimes I get lucky. If no fill, maybe ease up a nickel. I did this today with Cardiome puts, and saved a nickel versus the bid that was being shown.
A small starter position that I will add to if given the opportunity. I've been reloading in some issues on this pullback, and need to save some ammo in case it becomes more pronounced. Closed a couple of shorts for small profits, too early . . .
Anyhow, I still remember how we used to tangle over QLTI years ago. We've come along way since then, eh? Happy Holidays to you and yours!
Cheers, Tuck |
