Dennis,
Sorry. Wasn't criticizing at all. I just said that I've been there, too, but it took me a couple of month (and trying to buy puts for 1/2 year) to figure out this company's trading pattern. Now, I'm about 60% successful making the right call on the closing level of the stock at expiration, but I'm 100% making the right call, so far, that it's UP higher than the puts I have been selling.
I guess that's all that matters.
I was going to try again to buy puts yesterday too. Again, I said, "NAW, EMC's going to ding me if I do that".
So far, the stock is up over 2 again today.
I'll say the same thing today, and will again deny myself the priviledge of buying them today, too.
One day though........I'll take a shot again, just like you did. Just for the hell of it. It may even be Thursday or Friday!!
Steve |
