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Re: royg1927 post# 1269

Wednesday, 04/16/2008 12:27:36 PM

Wednesday, April 16, 2008 12:27:36 PM

Post# of 8211
Sold the second half at 1.49 took stop loss off while writing I thought in this market one more rally should come but I was not thinking so bullish by morning reaction.

Actually total position was 13 X you know my 1 X is = 1/16.
Well that April 44 calls could have added cool 5K.
It could go up or down but I am happy what I made today.

I thank you for introducing me to cash account concept of option.

In margin account it created a lot of trouble some time in past and I was trading fewer options because of this reason.
lately I am more comfortable with them.

Thank you for sharing your TA and insight.

Farooq
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