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BlackThought

12/05/11 1:37 PM

#864 RE: Losingmoney #863

nice losing, i need to get that options book. it's so confusing

Insiderbuys

12/05/11 2:13 PM

#865 RE: Losingmoney #863

The key to take out of this was that the trade did not originally go our way and we still made money on the play.
This was a Bull call spread but the market tanked right after we bought it. We took advantage of the side we sold being down in price that it was almost a no brainer to buy back at .40 -.70. Think of it like doubling down on a stock in a losing position.

Insider

k9painter

12/05/11 2:24 PM

#866 RE: Losingmoney #863

nice job!