Yeah, Sam, I had those $36 VXX puts...I think I bought 14 @ $.10. Went out of state and let them ride. They kept dropping and dropping...and by Tuesday I think they were at no bid. So I said screw it and set a sell order at $.01 just to get rid of them. I don't think they sold until late Tuesday or Wednesday am.
I took the $14 and bought some VXX calls figuring maybe I could make a few bucks THAT direction...
Thursday my calls went to no bid and out of curiosity I checked to see where my puts would have been at they were at around $.28 I think. So I'm really kicking myself at that point. Thursday night I pull up the options table and see $.94 as the price. I shrug it off thinking it was just because the market is closed and the pricing is wonky. But I check again mid-day Friday and I think it peaked right around $.99.
My $14 in calls expired worthless. LOL
I'd kick myself harder, but that wasn't anything any of us could have predicted...just a gamble play that I could have gotten lucky on had I rode it out. I could have just as easily lost that $14 I got back out of it.
I'm sitting on $41 VXX calls now...they were up yesterday but reversed before I could get them sold. Now I'm way down. Hopefully there's a little market shake up before they expire. I'm sitting on these. hahaha
Disclaimer: Please do not follow me into any trades without verifying their potential for yourself. While I often feel like I have a good handle on things, my track record says differently.....