Buy 1.90, sell @ 7.80? Just another 300% gain?Very nice!
Buy 1.90, sell @ 7.80? Just another 300% gain?Very nice!
-- Tom | My Trades
Thanks Tom,
I held onto these options until OPEX this time. Back in November I made what I thought was a great trade in SDS options. I bought the options on election day when the S&P spiked over 1,000 and sold for a quick profit 2 days later.
November SDS
The bad part was I wasn't holding come Nov 20th. I stood in amazement as this option hit $43.I had sold out at $15.
Bought UYG @ $1.95 and TBT @ $45.50
Have buy order in for SSO @ $18.30
Sell order for SDS @ $95...may not hit unless we get a good selloff this PM.
If BAC and C go broke, they are only about 6% of UYG. UYG is either a screamin' buy or a sucker's bet. I just don't know which.![]()
I was watching SDS while it was in the 94s and I suppose I should have sold at those levels, but I was already set to sell at 97.40 Yea I know I'm a greedy optimistic pig.
I'm just getting used to the charts in my ROTH IRA, if I had been watching them while SDS was in the 94s, I would have seen the rising trendline on the 5 minute chart, and perhaps sold when it broke.
Coulda shoulda woulda, either ways I learned some things today.![]()
Candlestick crack addict...
Gumby, I'm not much of a chart guy yet, but UYG rode the lower bollinger band and pierced it four times in the last 6 months. Each time it went back up for a few days. Today it looks like it pierced it for the fifth time. I may put in an order for monday first thing. Thanks for making me look!!
I bought the UYG and in just a few minutes it went from $1.90 to $2.29 Friday. I got in at near the low. I probably should have sold it for a quick gain. I think the UYG may turn into a good play if the money keeps coming from the government without natioalization. If only a few banks get taken over, hopefully the price should not go too much lower.
Trade well.