Yes we know your sadistic nature gets fueled by the errors of others.
Did i get scammed?
- Thread starter stock_trad3r
- Start date
Yes we know your sadistic nature gets fueled by the errors of others.
going long twitter at such a high price was a mistake..keeps falling
these covered calls help a lot and also I shorted the Lira at 2.10 as the corruption scandal was breaking. I been cycling out my calls into lower strikes as the price drops in exchange for less potential upside
if TWTR is able to remain stable for the next month i should be able to make $9k
these covered calls help a lot and also I shorted the Lira at 2.10 as the corruption scandal was breaking. I been cycling out my calls into lower strikes as the price drops in exchange for less potential upside
if TWTR is able to remain stable for the next month i should be able to make $9k
TWTR Stable for a month ? Are you kidding me ?
In what range ? 38 to 74 ? sure it can stay stable in that range for a month The question is where did you place your bet ? up or down ?
From your posts it looks like you are all over the place and have a lot of money to gamble on risky trades throwing money at trades hoping to get lucky and make it big when you don't know that legging into or out from an option can be costly especially after hours when there is not much liquidity
What was the big rush to close the trade your options were already out of the money and almost worthless
I guess some people have to learn the hard way
Offer the spread with a limit order at 50% of the bid/ask. Move it later if you're desperate.
I use optionsXpress which, while expensive, does a great job with its "walk limit" feature and usually gets me spreads or combos right around the middle of the bid/ask. You can customize the order to limit how far they take it, at which point it converts to a limit order. I've found that a lack of fill usually only happens on illiquid options, which I should have stayed the hell away from in the first place.
I use optionsXpress which, while expensive, does a great job with its "walk limit" feature and usually gets me spreads or combos right around the middle of the bid/ask. You can customize the order to limit how far they take it, at which point it converts to a limit order. I've found that a lack of fill usually only happens on illiquid options, which I should have stayed the hell away from in the first place.
they may have been filled at the same time but did he place the order as a spread? or separately at different times. Obviously he didn't place the order as a spread, he also wasn't using limit orders....fat finger mistake?
This is Elite Trader!
Quote from stock_trad3r:
I placed a debit spread on twitter and realized that there is no way for me to make money on this trade yet they allowed it to be executed anyway
Filled Buy to Open 20 TWTR JAN 3 2014 68.0 Call Net Debit 6.70 -- -- 15:07:58 12/26/13
Filled Sell to Open 20 TWTR JAN 3 2014 68.5 Call Net Debit 6.14 -- -- 15:07:58 12/26/13
I manged to lose $1000 on it on the bid/ask spreads alone
