ken,
regarding the short put paper: i now manage the leap long puts differently.
when i sell a 90 day put i immediately buy a leap ditm put for protection risking no more than 10% of capital. there is no margin requirements in that position. with the ditm put it is a good thing (not bad) if the stock increases in value. i manage the leap put to decrease my risk when the underlying reaches the strike value of the leap put. i stc the leap put and bto another leap put that again is ditm. each time i do that my risk decreases and i continue selling 90 day puts. drjoe
--- In ConservativeOptionS
>
> Jeff:
>
>
>
> DrJoes DLS strategy that I have been trading is his DITM Leap Call Strategy
> vs. Monthly Short Calls as detailed in his paper in the files section. I
> have not used his Leap DITM Put strategy, although after reading his paper
> and some of his posts here I will be spending some time studying it and
> possibly implementing it at some time in the near future if I find I
> understand it as well as I do his DLS strategy.
>
>
>
> Ken
>
>
>
>
>
> From: ConservativeOptionS
> [mailto:ConservativeOptionS
> Sent: Saturday, February 27, 2010 3:40 PM
> To: ConservativeOptionS
> Subject: [ConservativeOption
>
>
>
>
>
>
>
> --- In ConservativeOptionS
> <mailto:Conservativ
> <ken_ginsberg@
> >
> > Jeff:
> >
> > Let me just say I have been trading DrJoes DLS strategy since ...
>
> ------------
> Ken,
>
> Great to know that DLS is working for you.
>
> Can you pl. update us if you are trading the LEAP strategy or selling short
> term PUT against the DITM LEAP PUT strategy?
>
> Thanks,
>
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