AI
Wednesday, July 02, 2008 5:59:30 PM
Well...not to much one can say about this market right now.
Some of you may be making money, but I'm not. Even my puts really aren't doing that great, definitely not enough to offset my long positions.
I've got a few blue chips in the basket, that I like, and some QID shares. I am going to stay out of option positions until this market finds it's bottom again. I will trade around my few set equity positions in the mean time, so I will still be posting my research.
Equity is slower, but you don't have to worry about time value. We have next week of regular trading, but the following week is option expiry. This means after Thursday, June 10th, theta starts deteriorating our time value exponentially.
Preserve your capital, slow and steady is going to win this race.
Some of you may be making money, but I'm not. Even my puts really aren't doing that great, definitely not enough to offset my long positions.
I've got a few blue chips in the basket, that I like, and some QID shares. I am going to stay out of option positions until this market finds it's bottom again. I will trade around my few set equity positions in the mean time, so I will still be posting my research.
Equity is slower, but you don't have to worry about time value. We have next week of regular trading, but the following week is option expiry. This means after Thursday, June 10th, theta starts deteriorating our time value exponentially.
Preserve your capital, slow and steady is going to win this race.
Who's that casting devious stares in my direction?
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