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December 13th, 2017 at 10:09 am
Dec 15 is a witching day again. I wish to give you, for whatever it is worth to you, my thoughts on the cherry calls which needs rolling. Today and tomorrow I let the caller get as close to zero extrinsic value as possible. I do believe and expect a dip somewhat next year. So I roll my cherry calls one two and even three month out as close to the money as possible, so on many I still land up with a credit. In case of a dip these callers will all look sweet to me. However in case that sky is the limit next year, I just have to roll the cherries again. Just my approach and not for everyone.