![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, August 03, 2010 8:45:43 AM
Last Friday, I was uncertain as to what direction the market would take and I tried something I seldom try before. Like NM, I played both sides. 1 OEX 495 put contract and 1 OEX 500 call contract. Monday gapped up and I sold the put immediately. To cut the story short, I lost 200 on the Put and gained 500 on the Call. I am now all in cash and waiting for the pullback to go long again. But I was lucky because it gapped on Monday if it were a mediocre day I would have lost money both ways. I never put stops on option plays because of the volatility. Rather, as soon as you realise you are in the wrong direction get out and reverse. Think of it this way, average down on the wrong trend will keep you loosing, reversing right away will recover your loss or more. OR if in doubt stay out.
good luck
2bit
Recent SPY News
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 05/30/2024 05:11:58 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 05/29/2024 07:34:56 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 05/28/2024 06:12:34 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/27/2024 09:08:56 PM
- Form 497 - Definitive materials • Edgar (US Regulatory) • 01/29/2024 03:40:28 PM
- Form 485BPOS - Post-effective amendment [Rule 485(b)] • Edgar (US Regulatory) • 01/26/2024 09:50:00 PM
- S&P 500 Expected to Be Volatile This Week • Finscreener.org • 12/11/2023 10:21:00 AM
- MCD Stock: Is McDonald’s a Good Buy Right Now? • Finscreener.org • 12/11/2023 09:55:00 AM
- S&P 500 Index: Should You Expect a Santa Claus Rally In 2023? • Finscreener.org • 12/04/2023 10:15:00 AM
- Uber Stock Spikes On Its Inclusion in the S&P 500 Index • Finscreener.org • 12/04/2023 09:59:00 AM
- Form N-30D - Annual and semi-annual reports mailed to shareholders [Rule 30d-1] • Edgar (US Regulatory) • 11/29/2023 08:08:28 PM
- How Does ETF Investing Help Create Long-Term Wealth? • Finscreener.org • 11/27/2023 10:07:00 AM
- Can Tech Stocks Continue to Gain Pace This Week? • Finscreener.org • 11/20/2023 10:43:00 AM
- Will the S&P 500 Index Move Higher This Week? • Finscreener.org • 11/13/2023 09:54:00 AM
- Meta Stock Slumps Despite Beating Estimates • Finscreener.org • 10/26/2023 10:12:00 AM
- The S&P 500 Index Likely to Remain Volatile in Q4 of 2023 • Finscreener.org • 10/02/2023 09:23:00 AM
- Will the S&P 500 Gain Pace in the Final Week of September? • Finscreener.org • 09/29/2023 10:22:00 AM
- Will the Tech-Sell Off Continue This Week for the S&P 500? • Finscreener.org • 09/11/2023 09:46:00 AM
- Macro Indicators On Radar for S&P 500 Investors This Week • Finscreener.org • 09/04/2023 10:01:00 AM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 08/28/2023 08:33:01 PM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM
Mawson Finland Provides Update on Exploration Activities at Rajapalot • MFL • Aug 21, 2024 9:06 AM
Avant Technologies to Implement Robust Cybersecurity Measures for AI-Driven Healthcare Solutions • AVAI • Aug 21, 2024 8:00 AM