ok day saved a bad week. could have been the day i've been waiting for for awhile, but, alas i got out of my longs early.
once bac didn't break 8.3 and gs didn't continue its downmove past 118 it seemed like a nice financial rally was in the works. so i bought 50 apr. 12.50 puts on faz at .70, cme at 147.50, and brkb at 2910.
banks led early on and i thought the investment banks were going to kick in late.
of course i crapped out of all of them early - the puts at 1.30 for a nice gain but ended up at 2.70 - $7000 left on the table, cme at 148.50 closed at 157.90 - $4500 on the table, brk about $1200.
anyway, hopefully i'm turning things around, all in all, an ok week that hopefully is the beginnng of turning around the year. +3500
once bac didn't break 8.3 and gs didn't continue its downmove past 118 it seemed like a nice financial rally was in the works. so i bought 50 apr. 12.50 puts on faz at .70, cme at 147.50, and brkb at 2910.
banks led early on and i thought the investment banks were going to kick in late.
of course i crapped out of all of them early - the puts at 1.30 for a nice gain but ended up at 2.70 - $7000 left on the table, cme at 148.50 closed at 157.90 - $4500 on the table, brk about $1200.
anyway, hopefully i'm turning things around, all in all, an ok week that hopefully is the beginnng of turning around the year. +3500