Wednesday, October 17, 2007

 

Sell - 1 POT Nov 100 Call @ 12.80 (Bought @ 16.20)

Yep, now I know why I had 'Don't average down' in my rules. It doubles the pain when the stock goes against you. My timing on this trade has been completely off. Right now, IMO, it looks oversold, which would be a good time to add this... but too scared to do it at the moment.
The other thing is options expiration on Friday. This could get pinned to either 105 (ouch) or 110.

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