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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Galirayo who wrote (9714)12/23/2008 10:09:13 PM
From: skinowski  Read Replies (2) of 41599
 
So that means you'll happily load up long at 20 and 22. ??

Not if it doesn't go below those levels. For the past few months they (my short puts) all expired worthless. The premium received is profit. There is risk, of course... but with this trade I'm by now well ahead in the game. If I get filled, maybe will sell covered calls... and maybe more puts too.

DIG has been really resisting hard... doesn't want to go much lower. I can see a dip under 20, but more likely than not it will rebound again.
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