RE: [TheOptionClub.com] do not want to lose all my money!

 

SPX is cash settled, so if you get assigned, it will be in cash...so what....just let it happen....that put is way ITM right now, so it will probably still be in the money by expiration, so let the remaining time value decay away, and you'll get assigned for just the intrinsic value.  If you buy it back today, you'll be paying the intrinsic + extrinsic + commissions.  Plus if the market continues to go up before 2/18 expiration, you won't be as much ITM so you'' have a lower loss.

---

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of paul7313
Sent: Tuesday, February 09, 2010 4:31 PM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] do not want to lose all my money!

 

some time back, I sold a put spx 1150 strike march. the market fell to now and I want to buy it back so it doesn't get exercised. any advice will be greatly appreciated.

__._,_.___

Reply to sender | Reply to group

Messages in this topic (2)

Recent Activity:

• New Members 7
• New Files 2

Visit Your Group Start a New Topic

The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___