heech - he's actually not tweaking on his entries. he doubles down.
however, he IS not being completely forthright about his EXITS.
first, he had a loser. a big one - DOX - where he lost 200k+. he regularly posted about it, how he still had it in january...then, after it expired worthless, *poof* he had "sold" it 2 weeks before, after still "having" it in his updated daily list. some would call that lying, TSCM had to do a major backstep on it, and then gave it to him as a loss.
the one you cite, INTC, he had 880 calls. his entries averaged 1.40; he originally had a sell @2.40, then 1.90, then (i think?) 1.70, then 1.50, to try and get a 'winner'. so, 1 or 2 days before options expiration, INTC options *hit* 1.50.
only problem? only 92 (i forget the number) actually TRADED at that price.
and as you might know, on exits, lenny doesn't use a stop, or a stop market - he uses a strict limit. so, according to lenny's math, 788 of them would have expired worthless.
i've read that lenny doesn't actually trade the positions, that it's paper trading. i have no proof of that.
EDIT: also, heech, he lowered his good-to SELL to 2.00. not his basis cost, which was probably 1.50 at that time.
