John,
MNTA was higher last week, which would also affect the call price. Jack
-----Original Message-----
From: ConservativeOptionS
Sent: Monday, December 21, 2009 6:40 PM
To: ConservativeOptionS
Subject: [ConservativeOption
| Group
Last wens I opined on the wisdom of rolling out the Dec 12.50 MNTA to a Jan 12.50 by puirchasing the Dec for a nickle and selling the Jan for $1.10. I peeked at the Jan $12.50 today and it was at a lofty $0.70/ $0.60 (bid/ask) This is an object lesson in: whenever expiration gets close, if your sold oiption is near worthless, if the next month looks juicy, roll out, give up a bit to make a lot.
John |
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