February was Good, but.....

I think I get it now.

I am short 12 Mar 60 puts, bid .00, ask .05.
maintenance requirement, $11,487.
I could buy them back, and free up that margin req,
instead of waiting 2 weeks for that last $60 in profit.


Thanks again,

Arnie
 
Quote from Arnie Guitar:

Chris,

One question, buy a 60put of the same month?
Sorry for having to be spoon fed.:(

Arnie
More...

Arnie,

yes - verticals are same month expiration, otherwise we call them diagonals
 
Quote from Arnie Guitar:

I think I get it now.

I am short 12 Mar 60 puts, bid .00, ask .05.
maintenance requirement, $11,487.
I could buy them back, and free up that margin req,
instead of waiting 2 weeks for that last $60 in profit.


Thanks again,

Arnie
More...

If you comfortable with this position you may buy 12 Mar55, free up some margin, and - if you`re right, cash out some more profit.

Such position might be converted again if things go wrong, but this is another story.
 
Chris,

You've really turned on some lights in my head. :cool:
I now see many possiblities of profit and protection.

Thank you very much,

Arnie
 
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