Beer & Options Journal

...and back onto the correct side of CAT for .80 credit. Hooray for profitable mistakes!

 

....sigh...I really need to be more careful on my order entry. Yesterday I was so hungover I literally had to close one eye to enter orders--not a single mistake and had my best day of the month (there were some day trades that didn't make it on this thread). Didn't have a drop to drink yesterday because it was so bad. Today, I'm feeling great, but I made 4 such errors (FOUR!!!!!), so it's a wash with CAT gains against the lost commissions (and my broker LOVES me).

I'm sure there's a lesson in this, but I'm not quite sure what it is.

 

I retract the DAL call (wash) upon more T/A. It sure looks like its ready to pop. Too risky to short right now. Not yet.

 

Someone just bought 50 6/2 $49.50 calls for $.79

 

I'm hopin' for ya. I don't like either side of the trade right now...precisely because it looks ready for a move.

 

There's a $1.05
Its strong.

 

Nice play. UNP is doing the same thing...might end up closing that one today.

 

That DAL volume graph!!!


Edit: Oh, maybe not. Looks like we might have a top at 50.25

 

What was your play on UNP?
Did you buy the 108 and sell the 107....
or vice versa?

 

Sold 108 put, bought 107.

Always credit spreads, so, calls are bearish, puts are bullish.

...except when I enter a debit spread by mistake.