Monday, December 21, 2009

Re: [ConservativeOptionStrategies] MNTA/STEC/HUN

 

Looks like STEC is running and will cover the $14s, saw another one today  low price making a profit HUN  fyi

--- On Mon, 12/21/09, John Hudgens <jdhudgens2000@yahoo.com> wrote:

From: John Hudgens <jdhudgens2000@yahoo.com>
Subject: [ConservativeOptionStrategies] MNTA
To: ConservativeOptionStrategies@yahoogroups.com
Date: Monday, December 21, 2009, 5:40 PM

 
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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