Saturday, October 27, 2007
Sell - 1 POT Nov 100 Call @ 18.50 (Bought @ 14.40)
Finally got rid of this one. I had 2 positions on this, one which I sold for a loss, this one for a gain. The average gain was about 70 bucks, after commissions it was around 40. Was this gain worth the pain and agony? Neope ... :) Did it make me wiser? Hopefully.
Few things I learnt from this-
1. Don't hold options through earnings, unless it's an earnings specific play.
2. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
Few things I learnt from this-
1. Don't hold options through earnings, unless it's an earnings specific play.
2. Don't buy deep in the money options on volatile stocks, especially if the stock price is in triple digits.
