| Followers | 96 |
| Posts | 6652 |
| Boards Moderated | 0 |
| Alias Born | 07/10/2009 |
Tuesday, November 13, 2012 2:27:04 PM
Bought puts when I did yesterday because BIDU couldn't break $105. Everytime it got there got hammered right back down. Began to trend down (I'll attach chart below).
Sold when I did becasue on the weekly chart $100.80 was a level of support. I sold when the stock got to $101.00 as I was afraid of a bounce and to be caught with my shorts down.
Weekly options were way too risky for me not to lock a 400% profit. If there was any sort of bounce, it would have depleted very quickly. As it looks right now, you want the $100 level to hold.
Sold when I did becasue on the weekly chart $100.80 was a level of support. I sold when the stock got to $101.00 as I was afraid of a bounce and to be caught with my shorts down.
Weekly options were way too risky for me not to lock a 400% profit. If there was any sort of bounce, it would have depleted very quickly. As it looks right now, you want the $100 level to hold.
No matter how big or how small...Green is Green :-)
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.
