Thanks, will take a look at it. You have developed a pretty good eye for these options. I primarily follow them to learn a bit more on their trading characteristics.
I follow the Euro fairly closely along with Dx. Not saying Euro doesn't have more upside in short term but as soon as Dx sorts itself out Euro has nowhere to go but DOWN. It is also just a matter of time before another shoe drops in Europe.
Trades posted a Dx chart on Wed:
U.S.$ Index/Major Test Dead Ahead *PIC*
Posted By: Trades
Date: Wednesday, 23 February 2011, at 12:46 p.m.
On Euro Puts Expires April 8th. gives you enough time for something to happen in order to trade out at a decent profit without risking too much.
That was my plan on the SIH11 Mar Puts. I think I would have done just fine BUTTTT Egypt etc. blew up. I think had things stayed on course (early Feb.) there was another point or two down left in SIH11 and would have traded out just fine. Things happen !!!!
Good Luck with it. Looks like getting out of SI when you did was a good move.