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12-12-2007, 01:38 PM | #1 |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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FM and any of you other option traders
you will like this story. So yesterday when the market was down 150, I bought calls on the OEX. Paid $5. When the day ended they were at $2.70.
Yuk, I go home telling myself I have a gambling problem. This morning I just sold them for $7 and am still telling myself I have a gambling problem. Not really. I haven't bought any of those since the last time I said I did on this board. That trade I lost just a little less than I made on this one. I still think trading options is more for amusement than making money. |
12-12-2007, 01:43 PM | #2 | |
Senior Member
Join Date: Jan 2006
Location: Kaysville, UT
Posts: 3,151
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Quote:
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12-12-2007, 01:48 PM | #3 | |
Senior Member
Join Date: Jan 2006
Posts: 5,084
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Quote:
I got lucky. The options are only trading at $5.40 now. I think I will just sit back now and feed my bad habit by playing Texas Hold'em with the boys on Friday. |
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