C pain for a Retard

C pain for a RetardI bought calls in C, but my timing was off just enough that I sold for a loss before watching that I nearly hit the perfect bottom of the day’s trading range on the stock. Or close enough. So I’m going to wait until I have more money in my account or I’ll probably only do daily round-trips when it’s almost a lock that I profit.

This will be short, as I didn’t like it and feel as though I could have done something better with over $200, which is what I lost on a bad timing options play with C.

Buy:
C Mar08 $17.50 calls (CCR), 3 @ $2.02
stock price entered $19.16

C Mar08 $17.50 calls (CCR)

And then the admitting to loss, which costs me more than the dollars involved.

Sell:
C Mar08 $17.50 calls (CCR), 3 @ $1.30
Entered 3/17 @ $2.02, exited 3/17 @ $1.30
36% loss for -$222
stock price entered $19.16
stock price exited $18.11

C Mar08 $17.50 puts (CCR)

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Posted By: Michael

News Category: C, Options, calls

 

 

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