Replies to post #168446 on InterDigital Inc (IDCC)

[lastchoice]

why don't you do a vertical spread, and buy the lower strike put to protect your downside

[bear427]

Most of my puts are at 22.50 and under. Only had 320 contracts out at 30.00. 50 were put to me, rolled out 180 and had 90 expire worthless. Big paper loss that day, but was on a cruise so didn't find out for 2 more days. Just waited for the market to correct the drop. I play the options for income and to buy more shares. This year has been very good, but should have pulled the trigger and bought 300-500 calls when stock was in 25 range. Isn't hindsight wonderful? Rich