Replies to post #765 on The Options Box (OBOX)

[bbgold]

UBS Jan 04 Leaps update:
Seems as though I am always a week late in updating this <GG>. Currently the UBS Jan 04 $50 Puts are trading at 9.30 x 9.70 and the Calls at 2.00 x 2.30 for a combined total near 11.50. Using last weeks Long Calls signal from the MKTSS board on the DJX to exit the Puts would have locked in a sizeable profit. Whenever establishing a Straddle type trade it still seems appropriate to exit one side of the trade whenever the markets reach an extreme. Not sure if we are back to that extreme to the upside yet, maybe.
Jan 05 $40 Puts at 5.90 x 6.40 Jan 05 $60 Calls at 1.55 x 1.85 Total cost 7.45
Only a slight decay in the overall contract values due to time decay, so far.