I've had a GTC order to sell the INTC Feb20 puts for a week or so, not thinking it would be hit. Well, it did on Friday, so I may be the proud owner of INTC at 20 minus the .50 premium I received. Then again, if things turn around, I'll try again next month. So far, I've collected .65 for the November 20's (had to buy them back at .14), .57 for the December 20's (had to buy them back for .53), the January 20's for .96 (which expired worthless yippie), and now the Febs for half a buck. Nice strong company and I feel safe even if assigned.
RFH
--- In ConservativeOptionS
>
> Jeff and others,
> You are absolutely right. I meant to indicate the Feb 17.50 strike. Sorry for the error.
>
> Michael
> www.safe-options-
>
> --- In ConservativeOptionS
> >
> > Do you mean Feb 17.5?
> >
> >
> >
> >
> >
> > From: ConservativeOptionS
> > [mailto:ConservativeOptionS
> > optionsmike
> > Sent: Saturday, January 23, 2010 2:38 PM
> > To: ConservativeOptionS
> > Subject: [ConservativeOption
> >
> >
> >
> >
> >
> > Hello to all,
> > I like to enter small out-of-the-money cash-secured put positions when
> > markets tank. On Friday I sold 3 contracts Feb 20 TSL for 0.45.
> >
> > Michael
> > www.safe-options-
> >
>
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