Doug Kass shares his thoughts on Apple, Google and Starbucks. First time strategy a while to have more new lows than highs. My game plan is to target options few of the big-cap momentum names that I feel have the best growth and valuation. Rolling an option position implies that you are changing the current open position. After rolling you will continue to have an open position, the underlying stock, ETF, index, etc. Rolling is an option trader's tactic used to better position the trader relative to the current and anticipated change in the future value of the underlying. The roll can be horizontal, vertical and expiration related. You might roll a position from one that strategy a vertical call or put spread into one that is morphed into a calendar or time spread. That combo would become a out spread. You might roll a position that was a calendar spread into one that is morphed into a vertical spread, the position being bullishly or bearishly biased on completion of that roll. That new combo would become a vertical spread. You might roll a position that was nearing its expiration, or maybe nearing its ex-dividend date, doing so in order to either kick the can relative to that expiry, options maybe capture or avoid that ex-dividend date depending. There are more reasons for rolling, but these three are the rolls most frequently executed. When kicking the can is the primary motive for rolling, you should not think of using this type of tactic as being equivalent to adding to a losing position. Of course you should only morph a rolling related to an expiry, that being to colloquially buy out time, if you have done the homework and have pre-planned to physically as well as mentally accept the added capital risk. This venerable Wall Street adage might be your spiritual ally: Always be alert to the current volatility environment for rolling the underlying and the CBOE Volatility Index VIX. Knowing whether or not the underlying might form into my coiling patternis currently coiled, or is far from coiling is additional technical evidence that should add to the effective analysis of the value of time as it relates to option premiums. The majority of all options trades are those where time is either the bulk of the premium bought or shorted if not being entirely all time value. Thus for us time is literally of the essence! Listen very carefully to them as you will almost never read or hear them pin down the date that XYZ will trade at a certain price. What they will write or say will relate to their options future price of XYZ while purposefully leaving out the time factor the date! Any options trade related to rolling a position is executed with the art of the trade in effect. That is true because once the homework on the underlying has been done, and the projected by you! For a detailed explanation on the art of the trade. Action Alerts PLUS is a registered trademark of TheStreet, Inc. You are using an outdated browser. Please upgrade your browser to improve your experience. Jim Cramer's Best Stocks for Most Recent Trade Alert. Subscribe Access insights and guidance from our Wall Street pros. Find the product that's right for you. Jul 18, 3: Jun 19, 8: Dip Buyers Rescue Market Again, but Rolling the Leadership? Jun 15, 4: Jun 14, 3: This Pullback Is a Perfect Buying Opportunity My game plan is to target a few of the big-cap momentum names that I feel have strategy best growth and valuation. Jun 12, What They Export, Whom They Employ. McDonald's Joins 5 Other Mega Brands In Ditching the Olympics. Walgreens, Rite Aid Deal Saga Is Headed Into Its Final Hours. Amazon Could Take Down Walmart With One Whole Foods Brand. Home Cramer Banking Biotech ETFs Futures Opinion Personal Finance Retail Tech Video. Featured Topics Jim Cramer Mad Money Stock Market Today Dow Jones Today Dividend Stocks Gold Price Silver Prices Copper Prices Oil Prices Sections. Popular Pages Best Stocks Best Stocks to Buy High Dividend Stocks Stock Market Holidays Earnings Calendar Ex Dividend Date ETF Ratings Mutual Fund Ratings Best Online Brokers. Stay Connected Feedback About Us Investor Relations Advertise Reprints Customer Service Employment Privacy Policy Terms of Use Topic Out Video Sitemap Data Affiliate Press Room.
Sometimes, the cat even meows as if to let Tipsy know that he is not very impressed with Tipsy for pouring out his water.
Throughout the year of Jacobin rule, it was the sans-culottes who kept them in power.
Five (5) years is a relatively short period of time and the parking problems will only compound in the future.