Recent content by Persiancoffee

I think he is just trying to roll. Although we call it a roll, it is in essence two independent transactions. So you need to close the Sept option and open a Dec option. You can do this as a single trade, which will be considered a calendar trade.

For those of us who may be curious, do you mind sharing how you reduce the cost of your puts? I dont believe there is such a thing as a free lunch, but if you share how you reduce your put cost, others reading the forum can decide if that type of risk is palatable to them, and potentially make...

Just move the strike up a bit to take some money off the table. i.e. sell the 95 call and buy a 110 call. You will bank some profits, take some risk off the table, and be able to benefit from future upside.

As someone who has lost more than that, let me share my thoughts. I suspect you already know this, so this is for others reading the forums. I believe are you right, not wrong. You just got the timing wrong. Timing is everything. The problem is not that you got it wrong, it's that you got...

It is so far ITM that it is unlikely to have much extrinsic value - you might as well just exercise the long put. If you want to be super frugal, you could sell the assigned stock, then sell the long put you have. You would make money on whatever extrinsic value the put has (probably none, you...