GRMN – too trendy for me (although I like CROX). I do like the Apr $95s for $12.20 because you can roll to the $90s for $2 and the $85s for $4.50 and you can sell the Dec $95s for $4.50.
LTP – you can look at the main virtual portfolio view or you can assume a position of a similar strike price that is Nov or Dec is a sold position and not a LONG TERM Virtual PORTFOLIO position.
Thanks Opt – it is a nice, mellow way to enjoy the markets…
Respect the channel guys, we may be here for a long time!
I really was very surprised at how many of those LTP positions I’m bullish about, it made me think long and hard about whether or not we can really bottom out here and I think if the dollar can hold up and we don’t go racing back to 13,600 before we’re ready, we could have a nice Dec/Jan but I am worried about my 14,500 by summer target.
DRYS has a lot of debt and little cash and will not fare well if the global economy slows down. That’s a big if by they are not what I consider a bullet-proof stock.
Premiums dropping – that is the point of staying at least 6 months long, it insulates you (and lets you take advantage of) volatility fluctuations.
I was hoping for more of a run in the oil patch this morning, not to many fun plays to short into but the XOM $85 puts will make a nice mo play if there’s a build a swill CVX $85 puts.
GE – yest to the ‘09 $40s. As a shareholder (my retirement account) I like the fact that they would rather own up to the loss than put $24M of their own money into it (as that was all the gap was) to cover it up.
HOV ‘10 $10s for $4.55, selling the Dec $10s for $1. XXX I’m willing to risk $3.55 that they don’t go bankrupt against a 25% monthly income!