Comments on: My SSO Quandary http://mytradersjournal.com/stock-options/2009/09/16/my-sso-quandary/ Investing in Stocks Through Options Fri, 27 Jan 2012 21:33:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Alex Fotopoulos http://mytradersjournal.com/stock-options/2009/09/16/my-sso-quandary/#comment-6237 Alex Fotopoulos Wed, 16 Sep 2009 23:55:30 +0000 http://mytradersjournal.com/stock-options/?p=3165#comment-6237 @ Zino - I've thought of closing half the position. I should've listed that too. @ Mule - I'll probably close the Sept 32 call in the end, but doubt I'll role the puts to October 35. After all this, I still expect a deeper pull back. I might write Oct 32 puts on a dip though. Thanks for your comments - It helps to have a second and third voice sometimes. @ Zino – I’ve thought of closing half the position. I should’ve listed that too.
@ Mule – I’ll probably close the Sept 32 call in the end, but doubt I’ll role the puts to October 35. After all this, I still expect a deeper pull back. I might write Oct 32 puts on a dip though.

Thanks for your comments – It helps to have a second and third voice sometimes.

]]> By: mule65 http://mytradersjournal.com/stock-options/2009/09/16/my-sso-quandary/#comment-6236 mule65 Wed, 16 Sep 2009 21:54:47 +0000 http://mytradersjournal.com/stock-options/?p=3165#comment-6236 I'd close the Sep $32 Call and roll the Sep $30 Put to Oct $35. I’d close the Sep $32 Call and roll the Sep $30 Put to Oct $35.

]]> By: zino http://mytradersjournal.com/stock-options/2009/09/16/my-sso-quandary/#comment-6235 zino Wed, 16 Sep 2009 20:59:36 +0000 http://mytradersjournal.com/stock-options/?p=3165#comment-6235 Two comments.. - You should approach the closing of your SSO trade as if it was a new trade. Ignore that you lost money on it.. I know its hard to do, but you must do that. You cannot stay in it because you lost money. That should have zero influence on your decision. From your post it seems like it was a big part of your decision. It should not be. - If you are undecided or unsure, then close 1/2 of the position and roll the other. Good luck! zino Two comments..
- You should approach the closing of your SSO trade as if it was a new trade. Ignore that you lost money on it.. I know its hard to do, but you must do that. You cannot stay in it because you lost money. That should have zero influence on your decision. From your post it seems like it was a big part of your decision. It should not be.
- If you are undecided or unsure, then close 1/2 of the position and roll the other.
Good luck!
zino

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