The Options Box

[SagDec15]

Thanks. Yeah, you may be right. The thing is, every time the feeling is we're going to crash and burn, they rally up the market. Every time things start looking good, they refuel the shorts and we fall down. So today it looks like we're in deep doo doo... Monday someone will make a comment and rally the markets -- esp if I give up on the calls.

I'm not risking big money. I'm not buying 10 or 100 calls at a time.. I buy them in 1s, until I get a real good grip on what's going on.

So maybe my DELL puts will be worth something.

Last month I strangled puts & calls and did ok and goofed the puts, not the calls. I was going to buy puts on the Qs too.. but missed when the Qs were in the 32-33 range... so it figures we fall down like this. One of these years I'll get it right. In March 2000 my timeline was 6 months... ok, so, now it's 6 years. Doesn't matter much, I have a new accountant, and if the situation doesn't improve for me, 5 or more years of 3K deductions.