Well,
my first step would be in trying to make a forecast of RIG.
And based on that forecast I would act accordingly.
If you see no up move longer term, then remember, cash is a position as well
gis
On Mon, Jun 14, 2010 at 10:31 AM, chickbull <rdconsulter@gmail.com > wrote:
I have 200 shares RIG in an IRA and 2 june 55 put contracts with expiration this friday. So I can exercise the puts and sell RIG. Or I can keep my RIG and sell the puts at about $10. or the difference between $55 and the stock price, now about $45. Or roll over the 55 june put to another expiration month and/or another strike. Possibly write covered call. Any of your thought would be helpful.
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