Just when I think I've learned a lesson I let it bite me again. Letting emotions get involved is my biggest weakness, and I kinda let it creep up on me this morning. I was working on putting in my orders for the AMZN strangle and realized my FDX strangle wasn't selling. The put had no volume yet and the order was just sitting. It was at 12.90 and my limit was 12.45. I let it set for a few minutes until I had my AMZN options purchase and it had dropped to 12.20 with no fill. I figured I'd get smart and sell each option separate and get a better fill. Yeah, I ended up getting less and as it turns out I would have gotten filled for full price later in the day. I can't complain too much though ... I goofed a little and still pulled 7% profit.
Seems to me that the negative pressure is weakening in the general markets. A lot of back and forth tussling today. Could be a good sign that a bounce is forming :-).
Today's Activity
Bought AMZN Jan 45P/70C - 1 contract for $8.00
- Entered limit sell for $8.95
Sold FDX Jan 75P/85C - 1 contract for $12.10, a net profit of $0.782 (7.0%)
Updates
Not really anything specific. Just volatile stocks as usual. I'm hoping I can get a fill on 1 or 2 of them tomorrow, but who knows.
What is a Guaranteed Investment Fund (GIF)?
13 years ago







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