Options Wonderland

[Ithildriel]

For me, I try to start buying the following months options on the first, so I've been purchasing March options since Feb 1 (except when I click the wrong month, doh!).

Also, I try to get out of my option positions by the end of the day the Friday before expiration week (tomorrow). Time value starts degrading pretty rapidly on all options after that...even months further out that aren't expiring.

Good luck! :D