karennma
8,057 posts
msg #113264
- Ignore karennma |
5/10/2013 10:08:30 AM
Eman93
4,057 posts
msg #113255
- Eman93 5/9/2013 7:31:25 PM
Its a coin flip with no edge. as a trader it just straight up gambling. Stick to your rules.
I had 500 shares of MRIN but trimmed it to 50 for the earnings.
=======================================================
I posted those three thoughts because I totally agree.
#1 - Yes, this IS gambling. And for THAT reason --- >> #2
#2 - For the odds to work in your favor, you must have rules.
#3 - That is one strategy - trimming down your position IF the trade could go either way on earnings.
TSLA "could've" gone either way, IMHO. I would've been screwed had it gapped DOWN 25% instead of up 25%.
However, I could've used a stop, which would've alleviated that issue.
(just thinking out loud.)
|
Eman93
4,750 posts
msg #113267
- Ignore Eman93 |
5/10/2013 10:18:23 AM
STJ breaking out
|
karennma
8,057 posts
msg #113268
- Ignore karennma |
5/10/2013 10:22:58 AM
Holy Smokes!
One of my rules is DON'T BUY OPTIONS.
However, ...
Look at this .. !!
On 5-08-12 -
May $60 TSLA Call cost $1.95.
Today, you could sell it for $1,950.
If you're wrong, you're just out $195.
|
Eman93
4,750 posts
msg #113269
- Ignore Eman93 |
5/10/2013 10:26:06 AM
DGZ above the 20day
GLD weekly looks nasty
|
Eman93
4,750 posts
msg #113270
- Ignore Eman93 |
5/10/2013 10:27:22 AM
Yes its a much better deal you could have taken both trades calls and puts and still made 200%
|
karennma
8,057 posts
msg #113271
- Ignore karennma |
5/10/2013 10:32:47 AM
Geesh!
Somebody bought 10 May $55 TSLA puts for 0.04 and made the go up to $1.42.
lol!
|
johnpaulca
12,036 posts
msg #113272
- Ignore johnpaulca |
5/10/2013 10:37:39 AM
I went short after the open with FAZ
|
johnpaulca
12,036 posts
msg #113273
- Ignore johnpaulca |
5/10/2013 10:40:13 AM
SMH...short $38.55
|
karennma
8,057 posts
msg #113276
- Ignore karennma |
5/10/2013 12:00:37 PM
TLT going up.
20 yr. T-Bond Fund.
|
karennma
8,057 posts
msg #113277
- Ignore karennma |
5/10/2013 12:07:50 PM
TLT low = 117.85, now 118.50
|