Hey newbie, the ones that have been around since 99 have seen plenty of my trades. Even supermario who made the initial comment knows for how much I have rolled these 27.5 puts from month to month, except for the past three rolls, which gained only 80 cents (not worth posting 25 cent trades in my book) to bring the total up to 5.3 per contract since December last year.
The only wound licking is that I did my roll too soon for the August expiration. Taken oner $5 by now on the 27.5 puts, basis of $22 if shares need to be taken. Does this sound like a loss to you or like a 20 plus percent gain?
Amazing at the bid under the naz. They refuse to sell, and refuse to let the naz trade in the red, yet it still can't break thru 2100. When it does, look out. Can't remember there ever being this much complanency in the markets. The naz that is. Basically boils down to lack of sellers and no fear of it going down, which only means its long overdue. It usually happens, up or down, when its least expected. I still think they need a good sell-off to prepare for the second half rally, which will be on the expectation of earnings for 06. Then in the spring another rally for the second half recovery. I wonder why these recoveries never happen like the hype artist proclaim ?