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March 16th, 2009 at 11:21 am
Phil:
as I said , the only march putter I have left which is ITM is X, the other is BTU mar22.5 wich is OTM and will expire zero.
Now: with the market and stocks up, all my positions which have now putters which are at strikes so low and lots of time, the bottom strikes might hold OTM (but I have to do a better job in closing/rolling if the go ITM), if they improve and gain a lot, I might want to roll UP,
what about the TOP: if bullish, I should leave the top OPEN or only go 1/2 cover at a high strike, would that make sense, there is no real trend UP yet, so 1/2 covers at high strikes might be ok ??