Hey Patrick,
I have been following this thread for a while now and you seem to be making the right calls....yesterday I made some good money, but could'a made a ton more except I cashed out 40 calls before the "true" runup. However, predicting the market would fall this morning, I bought puts yesterday before the close....well the OEX went down, but nobody cared....I cashed the puts out "even" and bought 40 OEX calls a little early, and then another 20 "perfectly" and cashed out a little bit early..all in all, can't complain.
I think "put" play is waste of money, because even if the stock falls,
the puts don't gain much in value in this bullish enviroment. I don't like to hold calls overnight so close to expiration because even if the stock doesn't change in the first hour, the options adjust down for "one day closer to expiration". So I believe tomorrow will give us a good run-up, I only hope there will be a window of opportunity to jump in at the FMV two-day call. Could be idle in the morning, then a nice run later on. Anybody else have thoughts on this????
Patrick |
