GBA Presents: House of Gummy-!

Arnie said:
Yesterday I bought some SPX puts, the one day kind. Paid $1. So I'm out shopping for xmas and think maybe I should just close this as they were at .50. and I've got a Dr appt after I shop. This was around 2:30 I think. Well they start moving. I'm in my car looking at the chart on IB on phone. I close some at $4.20 and the rest at $6. This is like in a minute or so, that's how fast they were moving. Once I closed the trade I couldn't see the chart so thinking I did good. I get home and log on to see they closed at $55!!
:banghead:
More...
Amazing!
Great story. I would have done the same damn thing. :D
 
TrailerParkTed said:
Which ones went from $.50 to $55(110x) because I must have missed them.
More...
The Dec20 4755P. Not sure of the low. I had a order at .50 that I cancelled. They def traded lower than $1. The close was $56.55 not $55. Never seen a move like that.
I was sick when I saw that.
 
upload_2023-12-21_9-40-30.png

Can't find the low but here's when I bought/sold
 
Arnie said:
Yesterday I bought some SPX puts, the one day kind. Paid $1. So I'm out shopping for xmas and think maybe I should just close this as they were at .50. and I've got a Dr appt after I shop. This was around 2:30 I think. Well they start moving. I'm in my car looking at the chart on IB on phone. I close some at $4.20 and the rest at $6. This is like in a minute or so, that's how fast they were moving. Once I closed the trade I couldn't see the chart so thinking I did good. I get home and log on to see they closed at $55!!
:banghead:
More...
Had you been watching them the whole time, do you think you'd have closed out when they broke $1 after seeing them at $0.50 all afternoon? I'm ashamed to say I probably would have. So much of this game is psychology.
 
vanzandt said:
Had you been watching them the whole time, do you think you'd have closed out when they broke $1 after seeing them at $0.50 all afternoon? I'm ashamed to say I probably would have. So much of this game is psychology.
More...
I doubt I would have held. Maybe a 1 lot. I was off on my exits. It was $4.10 and $4.90. I hardly ever trade on phone and it was quite confusing trying to enter orders.

I hadn't traded much recently. Just thought we were getting over done to the upside.

Edit: It at least paid for what I bought the wife for xmas
 
"First American and ACI Incident

On December 20, 2023, we noticed outages at First American and ACI affecting connections with their systems. Out of an abundance of caution and to minimize any potential impacts, we are proactively disabling all CoreLogic connectivity to First American systems.
We will continue to keep you updated as we know more and appreciate your patience as we work through this process.
If you have questions, please reach out to your client success manager or to our client risk team at ccra@corelogic.com"
 
You must log in or register to reply here.
Back
Top