Monday, December 29, 2008

Broke the Rules ...... Again

My entry point for COF was .80 - .90. But when i saw it plunging this morning, I could not help but to buy it at $1.15. It closed at the day at $1.00. By my rules, it is at my .15 stop loss which I have to sell it. Hopefully it will gap down in the morning.
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2 comments:

zstock7.com said...

Hi Pete!!!!
anyone that trades OTM options, they go on my blog roll---haha--
Zee
this is my first visit here. I found you thru my sitemeter link.
Thank you for putting me on your blog roll.
Now I know where to find Complacent panda too..
He and I do some off and on bantering on twitter.

December 30, 2008 12:42 AM
zstock7.com said...

I had a OTM war story tale today. I bought the HANS put for 0.75, I had an order for 0.70 all day, but it never went thru. Other people went thru.
So today HANS falls 3%, I'm saying alright, that's a 35% profit, I'll be selling that for 1.00-1.05--well the stupid thing didn't move, lucky to get out at 0.85 for +10, a minute later it we4nt down to 0.80...

December 30, 2008 12:48 AM

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