Registered: Apr 2011
09-13-12 10:39 PM
Quote from diaoptions:
That's what an open forum is for. If you have info that might affect the trades in this thread then YOU should post a heads up before hand.
I appreciate your point but it has been all the news for days so I would have taken it that everyone knew about it.
An honest suggestion here. Consult an economic calendar before each trading day. The one I have handy is this one, which lists all the routine data releases way in advance. Some will move markets in general, others will move specific currencies and commodities.
I have another one somewhere which will includes stuff like release of Fed Minutes, Bernanke's press conferences, when he testifies to congress (yes, that moves the markets too). I don't normally use that because I pick up those dates and times from twitter, but if I can find it I will post it here.
I'm new to options, not new to the markets. I would think that entering an options position 5 minutes before a spike that you are unaware of would probably not be a good thing. For directional traders, it is a potential disaster hence being flat ahead of the announcement.