Yeah...I'm feeling a bit skeptical about IC's now....and spreads in general. I thought these were rather conservative trades. I'm glad I only sold one contract.
I should have stayed away from a pharmaceutical co., though. I was doing fairly well until that debacle.
Carmelo
I should have stayed away from a pharmaceutical co., though. I was doing fairly well until that debacle.
Carmelo
From: Dennis Alverson <alv70669@gmail.
To: OptionClub@yahoogro
Sent: Sun, Jul 12, 2009 11:54 am
Subject: Re: [TheOptionClub.
Some like indices for this very reason because equities can make big moves whereas indices tend move more slowly. However, this doesn't mean they won't move against you over the life of the trade.
On Wed, Jul 8, 2009 at 11:59 AM, cguy444 <carmelo5791@aol.com > wrote:
A couple of things:
I'd appreciate some suggestions on fixing a trade.
RUT Aug 09 IC
440P/450P/580C/590C
1.95 credit
Also...I got killed today on an AMGN IC. One trade lost all profits (and created a net loss) since going live (a few months of work). Hmmm...should I not use equities for IC trades?
Thanks,
Carmelo
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