Yes, I had a long iron condor on GE, and I got out of the short put last night, because I didn't like the way it was trading. I thought it was precipice material.
So I was left with a bear call spread on GE with a put.
Have had a bear call spread on C all week, and am short GLD.
I have virtually no risk to manage now, which is how you want every trade to be.I think that if you can manage those positions then your risk at least is clearly defined, reminds me of WayneL
The buck is on the move again Chops!
COz
I have virtually no risk to manage now, which is how you want every trade to be.
And I can have a "free" crack at some things now, like I did with the long put. I don't think I will though.
The decisions for me will come next week some time I would imagine...
When you think the medium term view will come into place and the volatility has peaked?
COz
There is a thunderstorm here to complete the atmosphere...
The volatility will probably peak acutely tonight. Which will keep me from getting out of some calls. But I'm still very much a novice, so take what I say with a grain of salt...
Doesn't mean that things wont keep going down, more of a matter of timing leaving the trades, to make sure the maximum, or minimum volatility is priced into the option at the time of leaving the trade.
Would love for Wayne to be here now...
There is a thunderstorm here to complete the atmosphere...
Would love for Wayne to be here now...
I agree. Trading almost full time December and January taught me a lot about feel in the market.Although i really couldn't give a flying rats ass about being right or wrong, i would like to be able to get a feel for the markets, and i think its time like these that help that ability. FWIW, i agree, i think the volatility should peak in the near term.
Cheers,
COz
Me too
Not sure if already mentioned but have you guys noticed this is the same date as the 1929 crash?
Oct 24.
We better just hope the pineapple has some lube...well well well . aint life intresting!........ futures trading stopped from too much ............ global co-ordinated melt down ......... plans in place how to close markets if it drops certain % in different time frames ..........
thank gawd im a drinkin man and can say a toast for what we are about to recieve
amen
anun
Me too
Not sure if already mentioned but have you guys noticed this is the same date as the 1929 crash?
Oct 24.
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