Kerry, You know that I've traded options longer than you have
been alive, but I don't know all that fancy language! I just trade
`em<gg>
First, my shorts and calls were not made at the same time. I
shorted the stock, then, I had a loss, but didn't want to cover
at that point, and chose to hedge with the calls. I just don't like
losses. For January, I lost on only 2 of 17 MU round trip trades.
Anyway, this MU just doesn't want to go down, and I covered
at a loss, and will continue to ride the calls to 40+ or expiration.
I'm now thinking of buying some March calls and holding them
until expiration week or my target of 45-50 is reached, unlike
the short term option trading that I normally do.
No, it is not logical for MU to go that high, buy when does MU
trade logically! <gg>
Patrick |
