Re: update on the June 40 si. put / SOLD/Ronbo
Hi Ronbo,
Congrats !!! Not too shabby for 4 days work and you weren't pushing a "shovel" either !!!!
On the July 35 Put:
Just testing my logic on you here, you know better than I.
The SI drop may be inclined to take a "breather" here.
Not knowing what you bought it for, would it make sense to Sell it on first sign of a bounce in SI and go back after if it still looks like SI is going to continue on south ??
On the other hand (with 54 days left), a little bounce and then heading on down likely won't let you establish a "new position" anywhere near as good as what you've got !!! Dilemmas !!!!
Just thinking out loud on this !!!
Good Luck
Lee