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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: katytrader who wrote (165939)3/21/2012 3:41:31 PM
From: Bearcatbob1 Recommendation  Read Replies (1) of 206192
 
"It's exit points which have often puzzled me when profits are taken a few days before expiration when (in my view) the puts will expire worthless."

I do this often. Here is the logic. Let's say I am short DNR puts and I think they are going to expire. At the same time if I see I can buy to close and sell to open the next month and get my return criteria I will do it. I do this because there is absolutely no guarantee that return will be there following expiration. To me it is all about getting my desired return and being happy.

Bob
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