Wednesday, August 5, 2009

[ConservativeOptionStrategies] DLS

 

Dear Dr Joe,

Haven't heard from you for a while. And wonder if you are still doing the DLS ? I engaged in the DLS since Aug 2008. Currently I have SPY 90 2010 for 2,000 and IWM 50 2011 for 2,500.

Since Dec 2008, I am selling the SC with a Delta of 0.25. As the market is now moving up, I would like to listen from you as to the SC strategy. Should I 1. stop selling SC, 2. buy more LEAP, 3. continue selling SC with a Delta of 0.25 or even 0.2.

Thanks,

Lugui

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