Stock Market Today - Intraday discussion - Page 6782  

guys, here's a hypothetical situation...

imagine one bought 122 spy calls (expire dec. 23) @ 1.32 & now they're trading .74

What would you do in this case to minimize losses?

Quote:

Originally Posted by tones 

guys, here's a hypothetical situation...

 

imagine one bought 122 spy calls (expire dec. 13) @ 1.32 & now they're trading .74

 

What would you do in this case to minimize losses?

sell the calls,  and try to buy it back later at a cheaper price

Quote:

Originally Posted by 25delta35 

 

The 1250 I understand, but I was planning on getting long a bounce or short a breakout of the triangle to the downside that would be 120 and change on the SPY.  Where's the 1180 from?

Just a ballpark number I feel safe to go long at. I figure f we get as low as 1200, it'll probably bounce but I don't want to take that chance. I'd rather wait for a break under for a panic drop, then go long. 

nice to see apple outperforming the market. Priceline is doing good today as well.

Your expiration date is off since today is the 19th.

That is the problem with buying options. Once you get down it is hard to get back to even because of the time decay. Probably best just to sell before you get deeper in the hole.

I think most here would have cut their losses more quickly.

I have been using options spreads lately so i don't have to be so concerned with time decay.

 

Quote:

Originally Posted by tones 

guys, here's a hypothetical situation...

 

imagine one bought 122 spy calls (expire dec. 13) @ 1.32 & now they're trading .74

 

What would you do in this case to minimize losses?

lol @ people market ordering BAC trying to keep it over $5.00

Quote:

Originally Posted by Nate01 

nice to see apple outperforming the market. Priceline is doing good today as well.

They're talking about AAPL on cnbc right now, saying there's market chatter of an AAPL dividend 

Quote:

Originally Posted by daande 

lol @ people market ordering BAC trying to keep it over $5.00

Every dip is lower.

Oct 4th they managed to save it at 5.20

Nov 29th  5.03

Looks like they are still at it today, this is a critical level for BAC.

Is anyone else seeing positive divergences on the MacD from about Thursday on the last part of this decline? Lower selling pressure?

Quote:

Originally Posted by exodus 

Your expiration date is off since today is the 19th.

 

That is the problem with buying options. Once you get down it is hard to get back to even because of the time decay. Probably best just to sell before you get deeper in the hole.

 

I think most here would have cut their losses more quickly.

 

I have been using options spreads lately so i don't have to be so concerned with time decay.

 

 

Quote:

Originally Posted by tjatlking 

sell the calls,  and try to buy it back later at a cheaper price

I meant dec. 23* haha.. OK Sold them.. this sucks.

Quote:

Originally Posted by o7media 

They're talking about AAPL on cnbc right now, saying there's market chatter of an AAPL dividend 

Quote:

Originally Posted by tones 

 

I meant dec. 23* haha.. OK Sold them.. this sucks.

 

Was the right play.  

Is the euro daily making another h&s? Not as obvious as friday's.

Quote:

Originally Posted by Money Game 

Is anyone else I'm seeing positive divergences on the MacD from about Thursday on the last part of this decline? Lower selling pressure?

Very mixed market, we have the Nasdaq putting in a potentially higher low relative to the Dec 14th low. The S&P and Dow are under pressure from the banks. The S&P is sitting on that 1210 support once again.

If the big fund managers have some ammo left to push this market higher to save themselves, they will have to start bidding up stocks soon. Im not seeing it yet.

Being on the wrong side of an options trade definitely sucks. You can get down very fast on a mistimed trade.

Quote:

Originally Posted by tones 

 

I meant dec. 23* haha.. OK Sold them.. this sucks.

 

Quote:

Originally Posted by BobK 

 

I know. I ended up in at 10.17 so we'll see where it goes.
 

 

Averaged down to 9.75.

Quote:

Originally Posted by Nate01 

nice to see apple outperforming the market. Priceline is doing good today as well.

 

 

I haven't been watching it Nate. You going to be able to get out of it?

Quote:

Originally Posted by BobK 

I haven't been watching it Nate. You going to be able to get out of it?

eventually

Id cut your losses nate and buy LVS.

BAC back at $5.01 here come the market orders lol