I want to start this blog by telling you that I have no 1-800 number, I am not trying to sell you any newsletter with the next great stock idea. I am not inviting you to come to my house and view a cleaning agent. I will not try to sell you plastic bowls or any other ‘can’t miss’ ideas. I do not have any life changing secrets and I cannot promise you a flat stomach.
I am going to share with you my daily option moves and the reasons behind them. My way of trading options are of course not the only way to utilize Put Options. This is a way that I have found to be simple and easy and not as complicated as some make this business. My hope is that you can develop a steady stream of income and continue to enjoy your life.
Friday, October 15, 2010
Rolling up on the last day
With nflx trading up in pre-mkt i might roll the 55 puts at the 140 strike into the 145. make a dime or so and it will be another 500+ in the last day.
I will look at the open mkt for a min or two first.
2 comments:
Anonymous
said...
Hi Jerry,
It seems like you go in and out of various stock positions fairly often. Based on your book, I would have thought you bought and held until the premium doubled or hit the strike price.
After the opening bell the money left in the 145's is only about a net of .02 So not worth rolling into a situation where i can make about 100. but subject myself to more danger ie; a higher strike. I will just let the 140's expire today. With AMZN reporting on next Thur, I don't want to hold until them so i might close the 125's today? Still 32 points of cushion but ?? Any profit and you are winner. I have learned one thing over the past 13 years...YOU ARE NEVER WRONG TO TAKE PROFITS..
2 comments:
Hi Jerry,
It seems like you go in and out of various stock positions fairly often. Based on your book, I would have thought you bought and held until the premium doubled or hit the strike price.
After the opening bell the money left in the 145's is only about a net of .02 So not worth rolling into a situation where i can make about 100. but subject myself to more danger ie; a higher strike. I will just let the 140's expire today.
With AMZN reporting on next Thur, I don't want to hold until them so i might close the 125's today? Still 32 points of cushion but ??
Any profit and you are winner. I have learned one thing over the past 13 years...YOU ARE NEVER WRONG TO TAKE PROFITS..
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