Limit sell order @ $1.40 got filled today.
FOREXFOREX HAS LEFT THE BUILDING
My option trades
- Thread starter ryanpatrick
- Start date
Limit sell order @ $1.40 got filled today.
FOREXFOREX HAS LEFT THE BUILDING
Bought SPX weekly 40/60/80 put fly...
Will exit tomorrow right away if markets are calm and/or no bad news surfaces. European and Chinese news still lingers. When someone this morning posted they were long some SPY puts, I got intrigued.
Very low risk... high chance the market won't do much and ill lose what i put up... but a small chance it could fall next couple days so keeping fingers crossed.
May the expected value goddess shine bling on me...
Will exit tomorrow right away if markets are calm and/or no bad news surfaces. European and Chinese news still lingers. When someone this morning posted they were long some SPY puts, I got intrigued.
Very low risk... high chance the market won't do much and ill lose what i put up... but a small chance it could fall next couple days so keeping fingers crossed.
May the expected value goddess shine bling on me...
Today I'm down -15.8% on open May SPY puts (137, 136, 135), a 1,000 contract position. This is such a large % of my money, I am very, very afraid.
I rolled WMT 57.5P down today but still in MAY to 55P and doubled the number of contracts. Average basis is now 0.2625 credit and I'm underwater.
But for some reason I'm not so worried about WMT. I was much more worried about AAPL because of the size I put on and the fact that I had no idea whether AAPL would drop far below 500.
But for some reason I'm not so worried about WMT. I was much more worried about AAPL because of the size I put on and the fact that I had no idea whether AAPL would drop far below 500.
1000 CONTRACTS????
Dude a total of 1000 contracts in those MAY puts would represent roughly a $90,000 trade !!!
And if it is a large sum of money of your portfolio, then you're being really really silly!
Heck, I'll bet atticus would be slapping the shit out of himself if that was the total he put into a trade and he was down 15%... unless of course he was absolutely convinced it will reverse direction.
That's a ~$10,000 loss... JESUS...(or GANESH! )
A few contracts- 10-20, ok fine... ONE MOTHERFUCKING THOUSAND???
Actually I have a
$18,925 paper loss today because I was too much the eager beaver to buy my puts on the gap up open.