tag:blogger.com,1999:blog-973587304515257848.post691181631155538848..comments2024-02-11T00:12:56.047-08:00Comments on IN THE MONEY TRADES: New PositionsAnonymoushttp://www.blogger.com/profile/02083421527404780093noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-973587304515257848.post-37742882849404257782010-04-22T11:35:39.735-07:002010-04-22T11:35:39.735-07:00Is there an exit strategy should the stock rise? W...Is there an exit strategy should the stock rise? Why Jan 2011? You've never held anything that long. That's a maximum possible $1/$14 = 7.14% return for 9 months if you held until expiration, that hardly seems like the type of risk/reward that fits your trading style. You're tying up $7000 for a max reward of $500 9 months from now.Jason Haashttps://www.blogger.com/profile/08138027111150684908noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-61975605804590903762010-04-22T11:34:43.192-07:002010-04-22T11:34:43.192-07:00I also sold 5 $6 puts on DRYS for $1 with Dec '...I also sold 5 $6 puts on DRYS for $1 with Dec '10 expiry. And bought 5 $121 puts on SPY for 3.73 with a stop at the 52 week high of 121.57. A post will follow sometime today. A little to busy but I have the pictures and analysis to post.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-14222052453279390822010-04-22T11:08:03.143-07:002010-04-22T11:08:03.143-07:00I had mentioned above that I would be interested i...I had mentioned above that I would be interested in selling puts in this name if the stock continued to pull back. Although i was stoped out of my calls. I still like the name. So today I sold the 5 Jan '11 15 puts for $1 putting my basis at $14 if I were to get exercised. I think this is an attractive price that I would not mind owning if that is how it plays out.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-69702649765187664352010-03-31T07:25:54.500-07:002010-03-31T07:25:54.500-07:00Forgot to mention. I am going to wait til the end ...Forgot to mention. I am going to wait til the end of this week. I want to see if any selling can find support. I would love to see a test down to the 1150 on the SPX which would allow me to do the trade for better than break even.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-5496285597184741672010-03-31T07:22:07.099-07:002010-03-31T07:22:07.099-07:00I currently still have my SPY 111 puts for April o...I currently still have my SPY 111 puts for April on as a hedge. Now that we are in April and the market still looks strong I think I am going to go and sell some April 114 puts against long 111 for a break even trade and go and maybe buy some May puts. Not sure what strike yet.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.com