another winning calls. how many is that in a row? can u count that high? up a buck since my post. another huge score, no pain, just gain. Im the best.
Follow up from me? I got assigned on most of my calls and bought in on the short at a loss. I lost like $800 on the stock and then sold all my options for about a $300 gain. This includes disposing of my remaining boxes so I wouldn't get assigned again. I wish I would have held them all because I was left with a synthetic long which would be looking nice right now. But I didn't want the headache after realizing my trade failed.
Jmhunter re:So whats a good strategy to take advantage of the dwindling premium while also taking advantage of the sliding price? as you expect the stock to decrease and want to take advantage of theta decay, I would suggest an OTM put calendar. maybe a Dec11/Jan12 22 or 23 put calendar or give the trade more time a Jan/Apr put calendar with same strikes. IV will be on your side also if the stock does drop