Originally posted by permabull
I don't know much about options, but I do know that buying options is an easy way to lose money from premiums. So rather than roll over to the next month, I'll take delivery of the stock on expiration. To protect myself against any nasty fall tomorrow, I'll sell my stocks tonight.
I'm hoping we get one more up day tomorrow, because then I will also sell my futures as some have mentioned them to be too risky.
So by tomorrows close, I will be out of all options and futures, and be left with only stock.
Interesting idea! Why don't you write a few options instead? That way you will have taken out even more cash, and only a miniscule portion of your investment will remain at risk, right?