LEH naked jan call, need advise on exiting

[chrismontez]

"IOW there are other strategies that work better on a consistent basis"

Feel free to share them with me. Although I do trade spreads and have most of my $ tied up in spreads right now, The return isn't even worth thinking about. I'm basically a naked options trader at heart. I think for small time traders with accounts of $25,000 or so, they are the only way to make any serious $. If you are good stock picker or reader of market direction, the rewards can be staggering and the risk is always defined.

 

[newguy05]

oo well, my analysis was correct too bad it broke out the 60 resistence 2 weeks after option expiration

at least got some back from the feb 55 shorts. win some lose some, that's life for ya.

 

[forex-forex]

Quote from newguy05:

oo well, my analysis was correct too bad it broke out the 60 resistence 2 weeks after option expiration

at least got some back from the feb 55 shorts. win some lose some, that's life for ya.

I think January was a really tough break for LEH because of the overall market, almost a "black swan" event. It sure has picked up steam though.

http://finance.yahoo.com/q/bc?t=3m&s=LEH&l=on&z=m&q=l&c=&c=^GSPC&c=^IXIC&c=^DJI