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HI Leo: why not buy calls before you sell puts ? I know I will
if you don't like the calls, then your selling the puts to soon,
not only that I'll hold my puts an extra day or so ( unless she
turns up sharply ) jus to be sure..after all once I got some calls,
if puts go down my calls go up so I'm locked in, but if price gos
down, my puts go up..and what i lose on the calls i make on the
puts, but maybe more..and I can avg down my calls with any extra,
this put/call deal is hedging..I just do it when I'm not sure
if she is going to go aginst me..but don't want to miss out on
some big after hour sell off like what happend to cscc the 23rd,
like I would not expect a 24 pt drop..but don't think a 10 pt
after hr sell off is out of the question on this one..and by holding
the puts..hedged with calls I have a chance on that, and then what
I would lose on the calls would be only a fration of what I would
gain on the puts..I have not set a bottom price on this run in
my mind..nobody but an insider could do that..I just track her
daily and avg all the sales/volume via a graph to get a mean price,
to see her trend..like a few shares traded at the end of the day
on the upside don't mean she was up..that one day she closed up
.25 in the last week was artificial..they did towards the close
with just a few high bids that had come in early to make it look
like she closed up..I tracked her..and the mean price that day
was lower..looks to me the funds are easing themselves out but
trying not to hurt one another too bad..they are calling one another
all day long..and untill one of them breaks she will track down,
the bad news is too much..todays super boul "busy signal" add
will hit em again..Steve's PR went sour the other day when he said
they were not considering refunds..hell people dont need him to
if they paid by credit card..I think he lit a fire he don't know
bout yet.
JIM
JIM |
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