I’ve decided that there isn’t enough risk with just options, so I’m going to be adding functionality to trade things like futures (DJI, grains, etc…). This should add some more fun and increase the likelihood that I’ll lose money.
Wow, check out AAPL and RIMM on the run up today. Ridiculous. Even worse than that. I’m sort of questioning my put position, but not enough of a question to sell and take the loss.
I have taken my profit on TGT and now the next rider can climb aboard. Without seeming too greedy, I decided that though I was really, really, really right in my position with TGT, I could use the money for something more exciting.
I figured that before quadruple witching expiration day, the logical likely number would be triple pre-witching expiration day, making this Thursday, Thursday, Thursday. That actually makes today, one of only four semi-unique Thursday’s in the year.
I didn’t sell AAPL today. I wanted to, but the constant market fluctuation, keeping it up, kept me from exiting. Perhaps I should have exited before today when the puts were at $2.05 on the bid (now they are $1.61). What else…
“The race is not to the swift, nor a battle to the strong..” I heard that quote back in high school (like 95 years ago). The teacher that told the class that quote was known for being drunk. He finished the quote by saying “.. but that’s the way to bet.”