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Re: earlylight post# 20275

Thursday, 07/05/2007 3:10:42 PM

Thursday, July 05, 2007 3:10:42 PM

Post# of 91977
If you are talking about writing them, I think it's a great idea. My wife is the expert options trader. I get somewhat frustrated and I cannot stand watching the premium evaporate when I hold them and the stock just sits there. That said, I currently hold some July puts (5s) on HSOA. Stock ain't goin' nowhere and the puts are dying... Don't have many, though, and I knew what I was getting into.

If you're looking to buy, might be a bit safer to go with the Dec 30s ($2.90, last I looked). Gives you a bit more time if we do get a summer sell-off. They don't have leaps available, so that avenue is out for the time being.
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