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To: CommanderCricket who wrote (165941)3/21/2012 12:27:51 PM
From: katytrader  Respond to of 206193
 
CC, yes, this may be a case of where one stands depends on where one sits. I rarely play anything other than near-month where you go out two or more. Perhaps I am less likely to see gains evaporate since I have only, say, a three-week time horizon with an OTM write where over time your play may move from OTM to ATM, destroying your time gain in the process. I don't read the finance literature because most of that is mathematics, but I would be interested if anyone can reference an empirical study of the let'em-go-or-not conundrum.

katytrader