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smartone

05/22/14 5:43 PM

#15469 RE: jmbar2 #15468

sorry was away from computer

got out of in mid day
TSLA (Weekly) May 23 2014 202.5 Put 1.39
and

SPY (Weekly) May 23 2014 189.5 Put .47

just taking what the market is giving me

imshredin2

05/22/14 6:03 PM

#15470 RE: jmbar2 #15468

Thanks but I am certainly not trading on luck. You would have to assume I would get lucky some time. I have traded stocks for many years and options for 6 off and on. Just having a pretty bad run for awhile. I have similar issues as you ie limited trades. I have 1 margin account so 3 a week there and a cash account where I can get 1 per day, maybe 2 if I have enough cash. I transfer what I have between them. AMZN was a good trade but I didn't have the best entry. After watching it struggle for an hour and riding out three $1+ drops I let the last one shake me out trying to "protect my cash" Had I been in @ 1.90 where smart was, I may have had more patience. Well damned if I do and damned if I don't. SO I rode the bad trade and bailed on the good trade. TSLA heck It didn't get too bad and several times tried to fade. Smart tried it 3 times. I can't jump in and out so I hung in there. A quick $1 drop would have saved me. At entry the Williams was almost fully pegged overbought and it stayed there for 1/2 hour but wouldn't rollover. At 11am it was again retracing but I didn't like the break of 204 higher. At that point I think the shorts panicked and ran it to 206.88. I said In my post to Smart it would go to 206. Lucky guess...no ? It sold off quickly but churned my premium away.It would be nice to be nimble and tap out anytime. Going to get back on the horse tomorrow.