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Tuesday, December 7, 2010
Start thinking about closing out Dec calls
It is time to start closing out the Dec calls as opportunities present themselves. Market looks very unpredictable with drops possible. Although you would think that with the tax deal on the table, markets would react positively (but they may not until a definite deal is reached). Still, we won't see much of the impact of the deal until next year with the temporary social security withholding cuts, so Dec options may not perform very well. We have about a week and a 1/2 left on those options, and time decay is about to really accelerate...
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