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Strategies & Market Trends : Option Strategies
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To: chris714 who wrote (1995)10/17/2018 4:59:44 PM
From: Thehammer1 Recommendation

Recommended By
chris714

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First of all, my one overall comment is that you r positions are mostly confined to the commodity sector with exception of GME. I tend to try to place mty positions in different sectors for a variety of reasons. This is a matter of individual tatet and also personal experize.

Your last position cares me (ERY). I have seen some really smart folks get killed on triple ETF's. My old firm won't allow me to trade the,. I wanted to but a monthly one and compliance fought me on it. Splits / spinoffs can also complicate the deliverable, but that is something you should understand.... the CBOE also puts out bulletins when a corporate action occurs and you may need to call a trading / help desk for some guidance. That being said, I typically view something like ERY a short term trading vehicle at best.

Just my 2 cents...

Based on what I looked at for RFP,

If you like the stock, you have alternatives:

If you rolled the 12.50 down to NOV 10.00 that looks like about a debit of .45. So you pay $.45 for the privilege of buying the stock at $2.50 less. Of course it may not get that low. If you stay at 12.50 for NOV looks like a credit of $.55.
JAN 12.50 = credit of $.90 and APR has pretty low open interest and bigger spread.

If you wanted to roll down to the 10 strike in APR looks like you may be able to eek out a small credit say $.15

I did all the math in my head and looked at closing bid ask which can change quite a bit at open.....
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