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E*TRADE Financial Corporation Message Board

  • gentlegiantromeo gentlegiantromeo Feb 4, 2013 10:49 AM Flag

    DARTS for Jan

    When will ETFC announce DARTS for Jan? I have options that expire Feb 15th and was wondering if I should wait for this news. They said on the earnings call that were encouraged by Jan volume.

    Sentiment: Strong Buy

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    • On this leg up, I had sold about 7000-8000 shares, bough to close about 60 contracts of Jan13 $10 puts, bought about 100 contracts of Feb $11 calls, about 80 contracts of March $11 calls, some March $12 calls, and about 30 contracts of April $11 calls. I closed the Feb $10 calls and April $11 calls. My sense is to collect as high a gain as possible, while leaving the cheap calls there to rot over the time, just in case another spike is to occur. Or else, one month from now, or half a month from now, extend to buy the March and April calls at a lower time premium.

 
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