Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gersh's Option trades -- Ignore unavailable to you. Want to Upgrade?

To: KB who wrote (60)	9/22/2004 1:18:29 PM
From: kaka	Respond to of 652

Trades from yesterday: Added to my current short Dell 32.5/37.5 November strangle by selling to open 5 DLQ-KT and 5 DLQ-WZ. May 2005 DELL options began trading on Monday. For contracts so far out I start with way out of the money contracts. Sold 5 each of DLQ-ES and DLQ-QY to start a short 27.5/42.5 short strangle. Also sold to open 5 MSQ-WY, MSFT November 27.5 put. MSFT is giving their one time large dividend to shareholders on record mid November. I'll probably begin to sell these contracts if MSFT stays near 27-27.5 short term as I expect (hope) a jump in MSFT near the ex-dividend date and a chance to repurchase these contracts for a profit as they lose value. Today: Added to my current DELL short straddle October 35...sold to open 5 each of DLQ-JG and DLQ-VG. Now have 40 short calls and 40 short puts @ 35 in addition to my other October positions. Cheers, kaka