FM and any of you other option traders - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

BYU71 · 12-12-2007, 01:38 PM

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, 01:38 PM	#1
BYU71 Senior Member Join Date: Jan 2006 Posts: 5,084	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.