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User Info	Option Question - How do I lock my profit?; entered at 2007-12-02 15:05:53
Fatllama Posts: 613 Registered: 2007-09-02 In what respect, Charlie?	I'm no expert, but why buy the April 35 PUTs? That's a lot of time value, and you are only interested in the next 30 days. If it were me, I'd consider a Dec or Jan Put at perhaps a lower strike than 35. You're afraid of an imminent spike downwards, so that's the style of Put you ought to buy. If I knew what you paid for the Call (which is deducible, actually), I'd use TOS's analyze tool to quantitatively check out your options (no pun). Then again, I'm an idiot. I'm interested to hear what others have to say. 2007-12-02 15:05:53