DrJoe-
I am new to the board and just finding my way around. I am quite impressed with what you have done. I have done similar things over the years but more ad hoc and never as well considered as your approach. I have seen a couple of places where you talk about puts vs. calls and you have talked on one occasion of a transition period where you were changing from calls to puts and vice versa. Your paper in the files archive seems to be silent on this point. Could you provide an update or a reference to where this is discussed? Is there a case for having a balance of both to provide some insurance against black swan >2 sigma moves, particularly on the downside?
Thanks,
-Tom
From: ConservativeOptionS
Sent: Tuesday, June 08, 2010 9:34 AM
To: ConservativeOptionS
Subject: [ConservativeOption
lou,,,,,,i have the short puts now.....if i get assigned i will own the stocks......
--- In ConservativeOptionS
>
> 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 ConservativeOptionS
> >
> > 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,,,
> >
>
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