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August 16th, 2007 at 6:48 am
Phil – I’ve had all my options positions well hedged for the last couple of weeks, giving me time to review where to go from here if the market continue to falls or starts to climb back up. The basic conclusion I’ve come to is that all my positions (most of which are leaps or spreads at least 3 months out) will barely breakeven or be losing positions under both scenarios due to IV crush. Put options are also looking like marginal investments.
What are your thougths/suggestions for longer term investments with the current volitility? Are stocks a better covered play at this time?