You may want to try some very nice videos at this site:
http://oiwebcasts.
Set aside a weekend.
RFH
--- In OptionClub@yahoogro
>
> Need feedback re formal programs for options education. Unfortunately I can't read tons of books (long story) so I need the live stuff. Any suggestions appreciated. Thx.
> Sent from my Verizon Wireless BlackBerry
>
> -----Original Message-----
> From: rvd <rvdidit@...
>
> Date: Fri, 25 Sep 2009 11:53:35
> To: <OptionClub@yahoogro
> Subject: Re: [TheOptionClub.
>
>
> But this will also increase your time decay loss in the event the market goes sideways (or down?) for a while.
> So one could sell some front month calls against them as well as rolling them up.
>
> Ross
>
>
> ----- Original Message -----
> From:
> dneely777@..
> To: OptionClub@yahoogro
> Sent: Thursday, September 24, 2009 4:33
> PM
> Subject: Re: [TheOptionClub.
> Problem: Long D-ITM Calls
>
>
>
> Why reduce your position size when you can roll both calls up?
> This would allow you to reduce your risk more than selling half the position
> as suggested. And, you still own two contracts. I'd look at the selling
> the 75 calls and buying the 87 calls of the same month. Should be able to
> pocket around $11. Doing this at the same time, as if entering a vertical
> spread, usually helps reduce the trade expense (only pay one spread vs.
> two). You can reduce your trade risk from the original $14 down to
> just $3. Wether you want to buy puts or sell calls after that, will depend on
> your short term outlook.
>
>
> -----Original Message-----
> From: Paul
> Seifert <paulseifert@ comcast.net>
> To:
> OptionClub@yahoogro ups.com
> Sent: Thu, Sep 24, 2009 12:23
> pm
> Subject: Re: [TheOptionClub. com] Quality Problem: Long D-ITM
> Calls
>
>
>
>
>
>
>
> Bulls make money Bears make money and pigs get
> slaughtered. Seriously I would sell half my position and book the
> profits and then sell some slightly OTM calls to gain a little down side
> coverage. Most of the experienced people I listen to advise that when
> you have a situation where you are uncertain is the time to take off half and
> book profits.
>
> ----- Original Message -----
> From: L
> To: OptionClub@yahoogro ups.com
>
> Sent: Thursday, September 24, 2009 9:31
> AM
> Subject: [TheOptionClub. com]
> Quality Problem: Long D-ITM Calls
>
>
>
> Hi - I'd love to have some help trying to make a proper adjustment to
> my wonderful long position. I've looked the Michael's article/PDF "Trade
> Adjustment Basics" and while I understand in in principle, I'm having
> trouble applying it to this position.
>
> I am Long 2 Calls on the GLD at
> 75 Strike, Jan 2010 expire. (GVDAW) I paid around $14 for them back in Dec
> 2008. GLD is up around $99 now.
>
> My outlook on GLD is bullish, but I
> know I could also easily be wrong and could watch my gains
> evaporate.
>
> According to Michael's adjustment decision tree, I would
> sell OTM calls. Problem is that the the premiums at the 100 and higher
> strikes are so small (less than $5.00) that they do little to protect my
> downside. If I go further OTM, the premium becomes meaningless.
>
> I've
> thought about buying a PUT at my BEP, that would be cheap at only around
> $1.50 or so.
>
> Quality problem, I know, but still, I'd love to get some
> guidance on possible ways to proceed.
>
> With
> thanks,
> Lance
>
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