From the daily archives:

Monday, December 7, 2009

One Small Christmas Wish

December 7, 2009

Whether small or big, young or old, people have a remarkable ability to recover from most of life’s trials and tribulations. No one is immune to the emotions that make us humans. And yet when recovery seems complete and the turbulence has subsided there are always a few feelings that seem to linger. This story is about one of those lingerings.

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What Should I Do? What Should I Do…

December 7, 2009
The J curve shows the effect of a devaluation ...
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I’ve been sitting on a put since Nov. 27th and doubled the position on Dec. 4th.

In this low-volatility period I have tried not to second-guess myself. The position gave me several times that I could have gotten out with a decent profit but I wasn’t technically convinced that I should shouldn’t bail, so I stayed in.

Now, the Q’s are nearing the break-even point and I’m sure my put will shortly be there too.

Are there any of you out there that would like to weigh in on what I should do at that point?

Patrick

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