February was Good, but.....

Chris,

Thank you very much for the explanation.
Now I get it.

Thanks again,

Arnie

 

Chris,

One question, buy a 60put of the same month?
Sorry for having to be spoon fed.

Arnie

 

I think I get it now.

I am short 12 Mar 60 puts, bid .00, ask .05.
maintenance requirement, $11,487.
I could buy them back, and free up that margin req,
instead of waiting 2 weeks for that last $60 in profit.


Thanks again,

Arnie

 

Arnie,

yes - verticals are same month expiration, otherwise we call them diagonals

 

If you comfortable with this position you may buy 12 Mar55, free up some margin, and - if you`re right, cash out some more profit.

Such position might be converted again if things go wrong, but this is another story.

 

Chris,

You've really turned on some lights in my head.
I now see many possiblities of profit and protection.

Thank you very much,

Arnie

 

curious, how much did you sell the puts for?

 

March 60 Put's,
7@.40,
5@.55

March 65 Put's,
7@.45
5@.25