Well, this time I bought some FAS puts that were “in the money” so I don’t get killed with time decay over the weekend. They expire next Friday, but I plan to dump them Monday morning, and shouldn’t need the extra time. Their strike price is 32, and FAS is currently at 30.47 (so it’s 1.53 cent in the money already).
I paid $1.88 for them, so I only have .35 cent of time and vix expense in the option. I think we will drop early Monday morning and at least retest the low from today at 29.40… which means the options will have $2.60 of real value in them, plus the time and vix premium.
What do you know that I’m missing Robert? This market still looks very bearish on the daily and weekly time frames.
Snap back rally happened as advertised. We are going up fellas next week. Have a great weekend……..
the truth will come out sooner or later, the question is how long can you stand the pain?
A time machine would be really handy… we could figure out how to recapture the money we have lost in this charade! LOL Have a good weekend 🙂
If that nuke plant blows in Japan it will tank the market in addition to all the other problems that will happen….
I got them… thanks. Lot’s of prints right now, but who know when they will hit? I need a crystal ball… or better yet, a time machine. LOL
Did you get the charts – emails? If so do you think those are valid? I wish my 52.27 Q’s would hit…
Notice the FP from yesterday of 131.38 was almost hit today… just a few pennies short. Those downside prints will probably be hit Monday I believe.
Well, this time I bought some FAS puts that were “in the money” so I don’t get killed with time decay over the weekend. They expire next Friday, but I plan to dump them Monday morning, and shouldn’t need the extra time. Their strike price is 32, and FAS is currently at 30.47 (so it’s 1.53 cent in the money already).
I paid $1.88 for them, so I only have .35 cent of time and vix expense in the option. I think we will drop early Monday morning and at least retest the low from today at 29.40… which means the options will have $2.60 of real value in them, plus the time and vix premium.
129.80 FP on SPY… maybe for Monday sent screen shot to Red