Rogue - One of my recent RE plays has been buying short dated puts on JOE. I cashed out today on some Aug 75 puts. From .20 to 1.6 I got out. Lucky call, but looking for another opportunity to get back in. With less than two weeks to expiration didn't want them to expire worthless. Also it's good when you can sell during periods of high volatility and buy during low volatility as it has a large impact on option pricing.
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