Replies to post #27 on Deep In the Money (DITM)

[prado]

JCP Puts: I sold all of my JCP $33 Nov puts today. 123 contracts in total for a nice profit. I decided that JCP is just too tied to the market and may not make the big downward move independent of the market that I had hoped for. I decided to take my money off of the table instead of letting the time decay eat away at potential profits.

BTW, I figured I might as well play ETFs if I want to play something that is pegged to the market as JCP appears to be at the moment. Hopefully for those still in JCP will be rewarded for their patience.

GLTA.