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Originally Posted by gluck75
I bought puts on the SPY on Tuesday. I haven't been involved in the stock market for 2 years now, but I just could resist. I bought 135 and 140 SPY puts expiring on Dec 07. I plan on holding them a while.
I execute using Commerce Bank.
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Dec '07??? wow, that's a long time... actually they are technically called leaps. You must have paid a good premium for that length of time. Anyways, I'm not one to give investment advice, but I would cash out of those puts before the end of the summer if I was the one who had them.