- Actually, sold FAS at 8.04, then it did hit low of 7.6. Didn't buy back, now it's 10! My losses is $75. That's a miss of $1000.
- Did buy C at 3.18, now it's 3.68. That's great. Make up some of the FAS losses.
- Closed SRS puts, otherwise, another 100 loss.
- Add 200 TNA, this makes up the close of BGU.
- Sold 6 TNA 20 puts for 2.4. This may very well earned already.
- ST and FD are in SSO and TNA and BGU. My IRA are in SSO and TNA. So I am good if the market can continue to run.
- Actually, it's good in the future, just sell OTM puts on the stuff I want to buy, and then keep buy the underline stocks, options are too risky.
- Another thing, if TNA goes up too much, either sell or sell the covered calls.
- If what Atilla said is true, it will double when SPY hits 1100, and I will earn my first real money.
- Yesterday I bought TNA calls for 1.7, not Friday, today it's 0.8. Just two days passing. If the rally continues, I'll get it back. Before that, don't trade this. And I could very well lose the money if it just hit 34 before Feb.
- The sequence should be:
- 1x.
- 2x
- 3x
- options on 1x
- options on 2x.
- etc.
- Keep enough cash in Etrade. 17K is about right.
Wednesday, January 21, 2009
Made mistakes, but that's OK if I am right
Follow Atilla's call and closed FAS,BGU and SSO, for about 1500 losses. This was a mistake! Should I keep them, and just closed SRS put, I will be $1200 richer!
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