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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Don Martini who wrote (130)8/12/1998 8:34:00 AM
From: wilander  Respond to of 355
 
Again thanks for the prompt and timely advice. I sold the 105 put when dell was at 115. I thought I was being way too conservative. Today I am going ahead and buying some more. Leaps are a neat way to save a position, especially if you just need some more time. Do you also use this philosophy when you buy slightly out of the money calls on dell before they dry up?

I take it creating a short term straddle on an original naked put play on dell is a big NO, NO. That's like playing chicken with a semi.

Also you are not into spreads? Like buying the 110 and selling the 120 call.

Thanks



To: Don Martini who wrote (130)8/13/1998 11:11:00 PM
From: Tom K.  Read Replies (3) | Respond to of 355
 
Don, when you roll out to a LEAP on DELL, you're tying up 20% plus the premium..... that seems like a lot to tie up for a long time.... or are you expecting a quick enough move to be able to get out with a profit. I like your approach, just trying to understand some of the details. Thanks for sharing.

Tom


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