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Friday, October 15, 2010
Close YUM if you have not yet done so
Close out your YUM calls today. Options expire today. The trade ended up in a profit if you happened to stick it out. I did not want to chance it and closed it earlier for a small loss. But I made it up in the RIG trade.
I closed it a little early also with the same fear. I hit big on google though with the same strategy, 3 calls and 1 put. Sold the 530 put today and picked up a 590 put to lock in better my 3 550 calls. Is that the way to do it? I still have a lot to learn here obviously, but I'll take lucky any day. Amazing how much your options make with a small investment.
I closed it a little early also with the same fear. I hit big on google though with the same strategy, 3 calls and 1 put. Sold the 530 put today and picked up a 590 put to lock in better my 3 550 calls. Is that the way to do it? I still have a lot to learn here obviously, but I'll take lucky any day. Amazing how much your options make with a small investment.
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