Mohan, Well that was my feeling and your results sound pretty good, IMO, although I have opted to do similar tomorrow morning, most likely, and need to cash in 1/4 of the low strike positions to get same effect, as of today's close. You know me, I always thought you guys were crazy on 760s. -g- 880s were the lowest I could bring myself to go! And my 930s are look'n OK.
I think Joe was kinda miffed you and Pete settled for the prices you did and burned him out of his sale offer; if our Merry Band had coordinated offers you all may have gotten filled at 5 1/2. The NDX closed the day at its low, I believe, and you have to wiggle the worm awhile before they bite, although, 760s are pretty ugly worms. -vbg-
With respect to close timing, I think the Decembers are going to crash and burn when people start to focus on the next month out, which should be around and before 14 Nov (Novs expire on the 22nd, but for all intents and purposes the 21st). Would appreciate any comments on this thought. If it was earlier in the year I would roll out a few months on everything, but I suspect we have to lock, load and fire.
What do you think about this mutual fund selling myth Bonnie and I bantered about? If traders really believe this BS I might cash out the whole shebang and refill later.
Regards, DWW |
