The walls are closing in...
I had some 5/20 860 CCs that I bought back too early today, I just didn't see the drop going this far today.
I, also, had some 6/3 1100 Puts assigned today. I rolled the remaining 1000/1100 BPSs to 6/17 where there is more open interest so there is a lesser chance of getting assigned, but now E*TRADE has raised the margin maintenance from 40 to 55%. Making it much less likely that they will last that long. (Though I know they can roll it back just as quickly as they raise, I just don't know what it would take.)
My remaining positions are:
I can only hope that max pain pulls the share price up somewhat from where we are now, but even that is looking more like $725 for the week at this point.
The end is getting near. I'm feeling that I should just give up everything but the 5/27 BPSs, which can likely be saved, while everything else seems like a lost cause. (Of course I know as soon as I close everything out things will reverse, or at least it feels like they are specifically targeting my account.)
The only other thought I have is to mix-and-match and try to save some of them by making 810/895s which would be more manageable should things start to recover, but I worry that the share price would continue to decline and make things even worse.
Anybody have some crystal ball predictions?
I had some 5/20 860 CCs that I bought back too early today, I just didn't see the drop going this far today.
I, also, had some 6/3 1100 Puts assigned today. I rolled the remaining 1000/1100 BPSs to 6/17 where there is more open interest so there is a lesser chance of getting assigned, but now E*TRADE has raised the margin maintenance from 40 to 55%. Making it much less likely that they will last that long. (Though I know they can roll it back just as quickly as they raise, I just don't know what it would take.)
My remaining positions are:
- 5/20 +550 Puts (for margin purposes)
- 5/20 810/860 BPSs
- 5/20 845/895 BPSs
- 5/27 550/870 BPSs
- 6/17 1000/1100 BPSs
I can only hope that max pain pulls the share price up somewhat from where we are now, but even that is looking more like $725 for the week at this point.
The end is getting near. I'm feeling that I should just give up everything but the 5/27 BPSs, which can likely be saved, while everything else seems like a lost cause. (Of course I know as soon as I close everything out things will reverse, or at least it feels like they are specifically targeting my account.)
The only other thought I have is to mix-and-match and try to save some of them by making 810/895s which would be more manageable should things start to recover, but I worry that the share price would continue to decline and make things even worse.
Anybody have some crystal ball predictions?