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Were you able to grab some too frost?

Let's see if this one's a winner. I bought 20 ADBE March 17.5 calls at $1.15. I used ($2,330) for this trade. Ben

Sold 10 at $1.90 and 10 at $1.50. Not a bad gain I'd say. I got a gain of $740 on this trade. Ben

I believe FDS reports tomorrow. I bought 20 FDS March 40 calls at avg. price of $1.30. Paid ($2,629.90). Let's see if FDS can muster a rally move. Ben

I bought the ARO's on Tuesday.

Closed ARO calls at $3.10 and my gains are $720. Overall, my gains have climbed to $31,517.25. With that $12,000 starting capital, I like my account right now sitting at $43,500. Ben :D :D :D

I Bought 10 ARO March 22.5 calls at $2.35 for a cost of ($2,365). Let's hope ARO comes with a bang tonight. Ben

I think I took some pretty ugly losses too. I will check my account, but it wasn't all nice and up :)

Okay, not a bad day. I closed our DKS March 10 calls at $2.85, and made $1,420.10 on this trade. Ben

Bought 10 DKS March 10 calls at $1.40 for ($1,414.95).

He meant risking $1200 max. Buying 270 shares at $16 comes to $4,320 but of that $4,320, he will then set a stop loss so that the most he can lose is $1,200. I believe that comes to a stop at $11.65 or so. And what I'm trying to show is the downside risk can be the same i.e a $1,200 lost...

I think it all comes down to risk ratio. You bring out a good point of a set stop loss, and it's true that the stock could open the next day below the stop loss just like what FSYS might have done. On the other hand, I think it's more about risk ratio. I'm willing to risk $1,365 to try and grab...

LOL, I got out of FSYS at $0.05 and got back like $35.05 from that $1,000 I spent. Still, I slept better even with this loss, because I made a nice few bucks last week. The net loss on this trade was ($1,229.90). That's a hit on my account. Ben

Let's see, I am a retail trader, heck I barely had $12,000 when I started. The plays were puts or calls only so true. Nope there's no stops and my only hedge using like 10% of my account per trade. So why not take the underlying? Well, let's see. If I had used $12,000 to buy JOYG at $16 on...

I bought 10 FSYS March 20 calls at $1.25 for ($1,264.95). FSYS reports today I think. Ben

Well, I closed JOYG calls at $3.20. My gains for this trade was a nice $540.10. Sorry, not the stellar gains I made the past few days, but I used only $1,350 in capital to start with compared to $2,000-$3,000 I have been using lately. Ben

Oops, I forgot to let out today's trade. I bought 6 JOYG March 15 calls at $2.25 for ($1,364.95).

Thanks, well, I owe it to others. It looks like AZO is flying into space well above that $148.50 high. At my last check, I saw it at $157.10. I sold those 5 calls at $7.70 and my profit is $2,695.10. That has given me a gain of $30,066.95 now.

I guess it would depend on the market. Your HBC put was sold on a sell off day. Why not hold it longer? My AZO calls today is also on a potential rally day. Will I hold it longer? I think so, at least for a while as I have learned.

frostengine, it looks like AZO has never traded above $148.50, and I don't know if it will trade beyond that level during the trading day. I can safely say that AZO did have a trade at $152 in the early hours of trading though.