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royg1927

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royg1927

Re: Newly2b post# 71829

Wednesday, 05/18/2011 11:51:26 AM

Wednesday, May 18, 2011 11:51:26 AM

Post# of 77456
Newly, hi

Short weekly 133Calls @1.20.

You prefer those to SPY 133 puts long.

Because?

And picky, picky: This week the May options are not weeklies, at least not technically. They are the third week expiration on Saturday as opposed to the weeklies expirations on Fridays. I never have understood why the monthlies expire on Saturday anyway. Maybe, sometime in the distsant past, there were a few brokerages that would execute on Satrdays. Dunno and makes no diff. Sometimes curiosities catch m' eye.

Curious as to your thinking on DO. Something about their fundamentals that should drag them lower by next month?

Maybe big ol' double H + S on the daily?

Roy

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