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Marathon Petroleum Corporation Message Board

  • blackbeered blackbeered Sep 21, 2013 12:16 PM Flag

    How Low Can the Shorts Drive This Thing?

    Watching the Shorts brutalize a dozen of my holdings over the past year [causing me to 'panic' but twice], I wonder what target the Shorts have in mind ... 50? 45? [gasp] 40?

    For the past six weeks, I've been acquiring with close-in, "deep-in-the-money" Buy/Writes but have substantial 'paper losses' to show for it. It seems I lose big when I re-write expiring calls at Strikes lower than what I wrote originally.

    So what's a guy to do? My average cost is now down from $80 to $65.

    Sentiment: Buy

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