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Thursday, November 20, 2003 7:19:13 PM
I covered my short Dec 18 puts for a loss (sold these the other day for $1.40 - bought back at $1.85 today)
I hate buying back for a loss. I much prefer to roll short positions out and down rather than closing them out. My goal is for every short position to expire worthless. Also most of my positions are short puts on one side and short calls (CCs) on the other. Either way one is going to expire worthless and the other can be rolled if need be. BTW, Schwab just added a major extension to their StreetSmart trading tool with lots of new options features.
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