lou,,,,,,i have the short puts now.....if i get assigned i will own the stocks......i will sell the sept short calls at a strike equal to my cost basis......read my paper again..and the other paper "systematic income" in the file section..drjoe
--- In ConservativeOptionStrategies@yahoogroups.com, "Louis" <loupi3@...> wrote:
>
> Were you thinking of being assigned and then selling the puts? Or do you mean, as I think you do, rolling up to Sept.?
> And, although the Sept premiums are nice, you're ditm again,which will leave you with the same decision between being assigned at a substantial loss or rolling out.
> On the other hand, if the stock regains its ground the puts mwill expire leaving you with a profit in the area of 4-5% a month.
> Or you could roll the position out to July to see what's happening.
> What are you thinking?
> Lou
> --- In ConservativeOptionStrategies@yahoogroups.com, "joe" <gass20@> wrote
> >
> > update:
> >
> > i have eem
> > june 38, june 40 and june 42 short put strikes
> >
> > i have iwm
> > june 65, june 68 and june 71 short put strikes
> >
> >
> > will probably be assigned on most if not all positions,,,,but looking at the september calls at the same strikes......significant premiums there to gather at least my minimum monthly goal.....drjoe
> >
>
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