donnapland

Last night legged into 1880/1890 Oct24 1x2 call ratio spread for 10.25 credit. In support of the Oct24 put spread. Not a very good trade - but glad I got it completed. Just sold one more 1890 @18.75 for a 1x3. Now may use the put spread to support the call ratio.
 
Obviously, I thought that market would go lower. Take a loss if necessary.

I wanted to sell the 1885P for 3+ but above 1990 couldn't get it. Now, yeah.
 
Thank goodness pink sheet stocks are back. Actually, only pink sheet that I ever traded was Downey Savings during the financial crises of 2008/2009. Great and friendly institution. Sad to see it go as well as several of my fav. restaurants and good old Mervyns. Some of those places were older than me and I knew them all my life.

I remember I bought about 3000s of Downey at sub .20 and actually made a few cents. Almost a sentimental trade. At one point I looked at Downey and could have bought the whole thing for under 150K. Of course, it was worthless by then.
 
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So, of the orig. Oct17 put spread the +1 1860/-1 1850/+1 1840 is left. I'll ignore it for now and focus on call ratio/put hedge mess. Yet another meandering messed up trade.

I liked the Oct.17 put spread though. Well executed.

The Oct.24 put spread isn't nearly as good and I was trying to beef it up with the call ratio. Not a bad idea had I left the 1x2 intact. The 1x3 was a mistake. Too much risk and I felt it right away. Shoot from the hip a little too much.
 
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