Sold Deep OTM Puts that Became Deep ITM - let it assign or roll over?

i think you are suffering from illusions of grandeur.
you are obviously no warren buffett who has honed this technique to a T.
 
Quote from drownpruf:

I trade some OPM in buy-writes and am constrained to stay in the equity position for tax mitigation. This often leads from a short put -> share buy through assignment -> bull synthetic straddle -> synthetic fly; or I'll often maintain the overwrite. There is nothing wrong with remaining married to the position if you remain neutral to bullish on the shares. Where it fails is when you attempt to rationalize it from a position of loss-avoidance.
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+1. A bit off target of what I think is the OP's outlook, but a great way to play a conservative, long-term equity position with a bit of "trading" mixed in. The OTM synthetic will almost always outperform the simple overwrite if you can make your outlook path-independent. And even if that's a challenge, then some simple additional trades can mitigate your risk.
 
Quote from zdreg:

i think you are suffering from illusions of grandeur.
you are obviously no warren buffett who has honed this technique to a T.
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i think some of you have issues.

where did I say I am a warren buffet? am I preaching a skill here? I was asking a question about getting out of a mess. The opposite of having 'illusions of grandeur'. To that point, I think you are a bit delusional and confrontational no?
 
you don't realize you are among some of the best traders the world has ever seen. they have little patience for anything less than perfection.

this is why they have removed all mirrors from their dwellings, so as not to gaze at something tainted.

salvador-dali-famous-quote-perfection-art-creativity1-300x149.jpg
 
Quote from beefcaketrade:

Thanks to more QE, my put is now now deep OTM lol. I guess I can let it go out worthless.

Close one.
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Is that you Put_Master? :)
 
Quote from beefcaketrade:

Thanks to more QE, my put is now now deep OTM lol. I guess I can let it go out worthless.

Close one.
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are you trying to prove better luck than smart?
 
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