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In effect you have come up with what you see as your break even costs....I think...but THINK about it. You purchased stock at 27.8 then RECEIVED 4.10 in CREDIT right? so now your NET cost of purchasing the stock is 23.70. Granted you have sat on it for two years or so...however as of today...

May be I'm confused but if you purchased INTC for 27.8 and sold calls for 4.10 isn't your new basis 23.70? did you sell other calls?...If your basis is 23.70 (how do you come up with 26.60?) then at this pt let it get called out..if it is cheap buy back and write new calls. In any event don't...

how are your goog trades doing?

edit...HOW does someone with a mill make a living on T-Bills...isn't that only $40,000?:p

I agree that I can not make a living with $100,000 (in capital) trading options....however I don't have a million $$ trading account either and believe me we could not live on what a T-bill or your average money manager would make for us...(and we live pretty well...)I guess my only point is...

Not only do I do it...as options as well as interest and dividends provide our current income, I know of at least one other retail customer (a friend/neighbor) who has been both trading options as well as daytrading quite successfully for over 10 years...yep he lost a couple of million in the...

Great job on the profits...somehow I think your hooked:p and will become a trader for life....

:D:p I'm done.....actually heading to Vegas tomorrow for a couple of days so won't be back to trading til wed...I don't gamble (hubby does tho) but there is actually some nice hiking trails..can't remember the name of the park.

a ton of interest in the FEB 75/77.5 calls so that may be the way to go...sell the call spread for a cr of .95/1.0 then after Jan exp roll down to a diag for Mar (on the put side)....but thats not a great credit..hopefully vol next week will increase and I'll have a chance to snag it for a...

Your exactly right coach and I can roll to a put spread in May..thats one of my options. But since this is a calander exercise I'm hoping to keep it a calender :) or diag

right now it is pretty close. I have 10 contracts..and diff is only $200 so no big deal. this is in an IRA so I can't short stock nor sell a naked call (although I could do a bear call spread...hummmm thats a thought) and I certainly don't want to own it since my outlook is neg..thanks for the...

:eek: NO!:eek:

We talked about it earlier in the thread...looking at diff ways to set up these long IC. I had been thinking of trying it out for the last couple of months but it never happened. Riskarb brought up some other ideas of buying a straddle as a hedge and I've looked at that as well. In all...

well WFMI took a rather big hit today 3.00 was a little suprised by the size of the hit. the 72.5 Feb is now in danger and I'm trying to come up with a plan. I would have to roll all the way to may if I chose that course...the other option is to roll down to 70...there is time but would love...

i was actually filled for 3.0 but I had already bought the 1215 for 1.9 so actually my net is 1.10

filled on 1225 feb for 2.9........ net credit on spread (1215/1225) is 1.0 like gater there is a ton of resistance to a low that low... edit...got 3.0 ...somebody up there likes me :D

thats why we have momomey translate.... QUOTE]Quote from Aristotle: I honestly have no idea what riskarb is talking about, but it sounds mighty impressive. Is it Arabic?

Actually my mother had one but it is in Japan...very labor intensive..she had in floor radient heat which the wood furnace boiler heated as well as domestic hot water...worked ok

big stocks with greater than 40 vol...is there a max vol you would not go above?

Tough question..I would not change to a bull call at this point with a profit on the hedge...I would either take the profit and close the spread (1305/1315) or let both run...if you take off the hedge then watch very carefully and certainly close the spread early next week if possible..good...