Short Term Pinch (STP)

[kim40]

XLK I bought the $58 calls for this week. I am leery about buying a week out in advance now. When I do that, it doesn't work out for me because of the decay. I decided, depending on the chart, I would buy on Monday or so and see how that works out for me. This decaying is really getting me into trouble, so I am trying a different approach. We will see if it works out for me. Another thing I am going to be doing is day trading these in my cash account. You can day trade options in a cash account all you want. The money clears the next day.