Updates for Tuesday (9/30)

No commentary today. Work has been keeping me more than a little busy lately.


Today's Activities
Bought MGM Jan 25P/30C - 1 contract for $8.40
Bought FDX Jan 75P/85C - 1 contract for $11.20
Entered GTC limit sell for MGM 25P/30C for $9.40
Entered GTC limit sell for FDX 75P/85C for $12.45


Updates
AMZN sure took a jump today! Guess I should have put in an order to dump the put last night :-/. Though even looking back at yesterday's chart, I still don't see anything that would have indicated the move we got today. This is exactly why I trade strangles, the stock moved against me BIG time, but I'm still only at a 6% loss overall. And I still have 2-1/2 months for the stock to make a profitable move.

FDX gapped up this morning, and my option orders are market orders, so I ended up paying a bit of a premium for the call. Nothing a little continued volatility can't overcome though.

MGM seems to have bounced nicely, but with these markets who knows. Have to a get a little more confirmation.