First Boston is quietly selling futures here, 30 at a clip. I'm also hearing we'll stay bid for the erst of the day. Who knows for sure. My suggestion is taking any short options off your books for a nickel if they are anywhere near strike. that 5 bucks isn't worth it.
Friday, August 17, 2007
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"Taking short options off the books": if you have sold some options naked, and are waiting for them to expire - then you might just want to buy them back for a nickel, and not wait until the end of the day. Too risky.
Also, I like your 170 puts, just know that they are probably going to expire worthless, so make sure your risk/reward is worth it.
Posted by: Big Doggy | Friday, August 17, 2007 at 01:13 PM
doggy you must be getting killed, Im surprised you still have
EQUITY left
in ur accts...!
Have a great weekend
SHORTS!
DF
------------------
(Big Doggy added): If you can't play nice. you can't play here.
Posted by: Doggy_Fvck | Friday, August 17, 2007 at 01:11 PM
What are your thoughts on a few cheap puts on GS going toward the close, after hearing this first boston news??
I am holding GS 170 puts. looking to make a dime or so on them.
Posted by: Ethan | Friday, August 17, 2007 at 01:06 PM
Can you explain what you mean by "taking short options off the book"?
Thanks!
Posted by: Shamble | Friday, August 17, 2007 at 01:04 PM