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Rolling down sold puts????
- Thread starter droid17
- Start date
Got to ask yourself what is your current market view.
Still bullish ? Somehow bullish ? Bearish ?
Never let your current position affect your thinking.
The position you choose should reflect your view.
So nobody can answer your question but yourself.
** From my personal experence, closing you position all right
is usually the bey way to go.
Still bullish ? Somehow bullish ? Bearish ?
Never let your current position affect your thinking.
The position you choose should reflect your view.
So nobody can answer your question but yourself.
** From my personal experence, closing you position all right
is usually the bey way to go.
DRYS is shit. I would never have sold puts on that trash.
That is why you should not sell premium just because IV looks juicy. You should really look at the underlying.
Never go short puts on an underlying that you are not willing to buy.
I sell short puts but only on something I want at a fixed price in the future.
That is why you should not sell premium just because IV looks juicy. You should really look at the underlying.
Never go short puts on an underlying that you are not willing to buy.
I sell short puts but only on something I want at a fixed price in the future.
If your game plan is OK with owning more shares of DRYS, consider the possibility of rolling your Oct 7 puts down and out to the Nov 6's. That will have a potential net gain of 35 cts if they expire versus buying add'l shares at $5.65
And depending on your current share cost basis, you might consider a covered call spread to give you an extra buck to the upside (if strikes $1 apart), assuming that you're looking for current upside trading gain rather than an investor's hope for long term price appreciation.
And depending on your current share cost basis, you might consider a covered call spread to give you an extra buck to the upside (if strikes $1 apart), assuming that you're looking for current upside trading gain rather than an investor's hope for long term price appreciation.