InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,469.30
(
0.39%
)
US TECH 100
19,174.00
(
1.14%
)
Dow Jones
39,112.16
(
-0.76%
)
Brent Oil
84.09
(
-0.12%
)
Bitcoin
61,741.87
(
-0.10%
)
Post# of 19856
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Market_Fest4

Send PM Follow Ignore
Followers 4
Posts 1807
Boards Moderated 0
Alias Born 08/07/2006

Market_Fest4

Re: scstocks post# 6235

Wednesday, 01/25/2012 9:03:48 PM

Wednesday, January 25, 2012 9:03:48 PM

Post# of 19856
Yes, but my profit is capped since I did a zero cost trade. I bought a Feb 24/25 call spread, paid for by selling naked puts at 22. It cost me nothing. I was able to buy some 25 puts after it ran up for .20 - So, I've locked in an .80 gain for free. Can't participate anymore on the upside though.

Also thought I was brilliant earlier today when I bought 500 ERX and sold it 5 minutes later for a $300 gain. It would have been $2,300 gain had I unloaded at the top.

I haven't seen a market like today in two months. Forgot how to play it.
MF4
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up