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mr_cassandra

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mr_cassandra

Re: None

Monday, 05/01/2006 9:38:33 AM

Monday, May 01, 2006 9:38:33 AM

Post# of 17624
Purchased mdy at 147.2 , may mdy 148 call at 1.75 and june 148 mdy call at 3.1

I'm just getting my feet wet with this type of option trading and am interested to see if the May is too close to expiration hence time premium decay will adversely affect expected gain.

Rebuys don't generally last long so I thought I'd try.

You CAN time the market!

But only after you trash the big 3 myths.

Myth 1 - its possible to get every point of every move
...Myth 2 - you'll never have a drawdown
......Myth 3 - you'll never have a loss

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