Originally Posted by
Columbia
My strategy is to lock in a specific % of gains-keeps emotions out of it. I will watch this one(Jan '12 12.5s) as I am curious about the potential "recovery play" this summer. In this case, I would sell them all with a 25% gain which could be in the next month or two (my estimation). I am typically all out 4 months out (September in this example), so as to avoid premiums being quickly eroded.
BTW, a great website with a variety of strategies.
Options Strategies: Getting Started
That's cool.... I just look for "mad money"
I have all my beer paid for for the rest of the year so far. At this point, it's just for the thrill of the kill anyway. It is funny though how we can latch on to such differing philosophies. I have been to that website before too. Interesting stuff there, but I don't want to spend all day in front of the computer.