Comments on: Added MON Call, Dumped JOYG Call http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Daitondimeny http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4805 Daitondimeny Fri, 31 Oct 2008 04:47:12 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4805 I would close it if i had any other potential put sales but with the market up so drastically and a personal belief we will most likely come close to testing the Oct 10 lows again, I’m hesitant to open new positions. Thanks. I would close it if i had any other potential put sales but with the market up so drastically and a personal belief we will most likely come close to testing the Oct 10 lows again, I’m hesitant to open new positions. Thanks.

]]> By: mark http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4804 mark Fri, 31 Oct 2008 01:45:22 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4804 Thanks Alex. My inclination is to just hold to term. I also hold 4 NOV puts at 25 and 4 JOYG puts at 22.50. I feel the same for those as well. Thanks Alex. My inclination is to just hold to term. I also hold 4 NOV puts at 25 and 4 JOYG puts at 22.50. I feel the same for those as well.

]]> By: Alex Fotopoulos http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4802 Alex Fotopoulos Thu, 30 Oct 2008 23:44:36 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4802 That's a long way out of the money. I'd probably hold and let the last bit expire over three weeks. On the other hand, if you think it's coming back down you can do what I did on MON with puts instead of calls. Buy it back now, but go ahead and put a limit order in at a higher price at the same strike. It all depends on when you think it's coming off its current rally. 55 is low enough that I'd feel safe, but we know this market isn't normal now. That’s a long way out of the money. I’d probably hold and let the last bit expire over three weeks. On the other hand, if you think it’s coming back down you can do what I did on MON with puts instead of calls. Buy it back now, but go ahead and put a limit order in at a higher price at the same strike. It all depends on when you think it’s coming off its current rally. 55 is low enough that I’d feel safe, but we know this market isn’t normal now.

]]> By: Mark http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4797 Mark Thu, 30 Oct 2008 16:23:25 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4797 All, I sold 4 POT Nov 55 puts a few weeks back for $3.10 each. Would you close the position now as the premium is down to $1.20 or ride it out for three weeks? Personally, i would close it if i had any other potential put sales but with the market up so drastically and a personal belief we will most likely come close to testing the Oct 10 lows again, I'm hesitant to open new positions. Thanks. All,
I sold 4 POT Nov 55 puts a few weeks back for $3.10 each. Would you close the position now as the premium is down to $1.20 or ride it out for three weeks? Personally, i would close it if i had any other potential put sales but with the market up so drastically and a personal belief we will most likely come close to testing the Oct 10 lows again, I’m hesitant to open new positions. Thanks.

]]> By: mule65 http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4792 mule65 Thu, 30 Oct 2008 13:57:48 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4792 Mark- Alex sold the 60 Put for $2.60. He could buy it back for $0.90 and close for a $1.70 profit. Or, he could wait 3 weeks and keep the full $2.60. It's unlikely that MON will drop under $60 by Nov-21 so I'd let it ride or roll it to another strike. Mark- Alex sold the 60 Put for $2.60. He could buy it back for $0.90 and close for a $1.70 profit. Or, he could wait 3 weeks and keep the full $2.60. It’s unlikely that MON will drop under $60 by Nov-21 so I’d let it ride or roll it to another strike.

]]> By: Mark http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4786 Mark Wed, 29 Oct 2008 21:52:46 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4786 mule65, Can you explain your comment there? mule65,

Can you explain your comment there?

]]> By: mule65 http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4783 mule65 Wed, 29 Oct 2008 19:06:38 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4783 I'd hold the 60 Put with 33% (0.90/2.60) left. I’d hold the 60 Put with 33% (0.90/2.60) left.

]]> By: Alex Fotopoulos http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4782 Alex Fotopoulos Wed, 29 Oct 2008 18:56:13 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4782 I probably will tomorrow. I'm still thinking about it. If MON drops $30 from here I'll probably be ready to own more at that price. I probably will tomorrow. I’m still thinking about it. If MON drops $30 from here I’ll probably be ready to own more at that price.

]]> By: Jimmy Chin http://mytradersjournal.com/stock-options/2008/10/29/added-mon-call-dumped-joyg-call/#comment-4781 Jimmy Chin Wed, 29 Oct 2008 17:06:50 +0000 http://mytradersjournal.com/stock-options/?p=1166#comment-4781 You got most of the profit already in your MON naked 60 put...why not take the liability off the table? You got most of the profit already in your MON naked 60 put…why not take the liability off the table?

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