I bought one ICE Nov 175 Call contract @ $1.60 today. It's down to $1.05 but I'm hoping to sell at $3.20 within the next 2 days, my order to sell is already in.
ICE Nov 175 call @ $1.60
- Thread starter forex-forex
- Start date
didn't you learn your lesson with sbux?
UPDATE
Today was a good day considering the overall market. ICE sure was jumping around, todays range $168.55 - $173.70 and closed at $172.50. Position still open, 1 day left.
November 17, 2007 - ICE and S&P 500
Are you nuts? It expires in 2 day.
<a href="http://icanhascheezburger.com/2007/11/15/for-just-14-cents-a-day-u-can-stop-dis/"><img src="http://icanhascheezburger.wordpress.com/files/2007/11/funny-pictures-15-cents-stop.jpg" alt="funny pictures" /></a><br />moar <a href="http://icanhascheezburger.com">funny pictures</a>
<a href="http://icanhascheezburger.com/2007/11/15/for-just-14-cents-a-day-u-can-stop-dis/"><img src="http://icanhascheezburger.wordpress.com/files/2007/11/funny-pictures-15-cents-stop.jpg" alt="funny pictures" /></a><br />moar <a href="http://icanhascheezburger.com">funny pictures</a>
Sold @ $0.20.
UPDATE
This trade was so close. The GOOG thread about OTM options moving a nickel into ITM on last day of trading and being exercised is what convinced me to close early, if I didn't read that thread I would have let this position go and then have to deal with a possible exercise. Another factor in closing early is that the trade was in the red most of the time it was open.
ICE 5 day chart
This trade was so close. The GOOG thread about OTM options moving a nickel into ITM on last day of trading and being exercised is what convinced me to close early, if I didn't read that thread I would have let this position go and then have to deal with a possible exercise. Another factor in closing early is that the trade was in the red most of the time it was open.
- ICE closes at $175.04
- GREEN dot was entry.
- RED dot was exit.
- Loss = $142.00
ICE 5 day chart
I am borrowing and bastardizing this quote a bit but the point is still the same:
Ignorance is not doing some thing stupid with disregard to all good advice and common knowledge, it is doing it again and again and expecting a different result.
Reminds me of a person who is banging themselves in the head with a hammer and each time wonders why his head hurts.
Stop the insanity. Do you realize that if the next OTM lottery ticket comes through you are still in a big hole you have dug for yourself..
Ignorance is not doing some thing stupid with disregard to all good advice and common knowledge, it is doing it again and again and expecting a different result.
Reminds me of a person who is banging themselves in the head with a hammer and each time wonders why his head hurts.
Stop the insanity. Do you realize that if the next OTM lottery ticket comes through you are still in a big hole you have dug for yourself..