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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?


To: Carl Worth who wrote (4563)11/15/2006 8:48:31 PM
From: Uncle Frank  Respond to of 5205
 
>> one idea is to buy a january 37.50 put since it is almost all time value, and won't change by much tomorrow unless the stock makes a big gap, but you have the downside protection in case the stock implodes for some reason

Good thought, but I like to keep things simple. I was able to buy back the puts for .90, which represents a .60 profit. Now I'll just keep my eyes open for another vehicle.

duf