Buy GLD Jun10 2011 149.00 put

Discussion in 'Options' started by ForexForex, Jun 6, 2011.

  1. Risking $60.00 is no big deal. Nothing wrong with entering a trade with a maximum loss of $60.00.
    It's not blind luck. Today was the first losing day since I opened the position, Tuesday and Wednesday the options hit a high of about $0.70. This trade isn't dead yet, as of now GLD has to drop about 1 1/2% for a small profit.
    Which multiple aliases? The MODs (chiguy, Joe) can confirm I have no multiple aliases. I believe the MODs in the past have posted any multiple aliases on request. Perhaps you could contact them.
    Once again $60.00 is no big deal.
     
    #11     Jun 9, 2011
  2. #12     Jun 9, 2011
  3. m22au

    m22au

    Once again, you can't have it both ways.

    If you are unconcerned about losing 100% of $60, and if your trade does earn you a profit, you can't then claim that you're a super magical trader who just had a massive percentage gain on $60.
     
    #13     Jun 9, 2011
  4. spindr0

    spindr0

    $60 is really no big deal when you buy 1 contract.
    OTOH, a 100% loss is ... IF you do size.
     
    #14     Jun 9, 2011
  5. UPDATE:
    Closed at $0.12:
    P/L: -$48.86 / -82%

    [​IMG]
    GLD - 5 day chart to June 10, 2011 11:22am EST.
    Green dot position opened.
    Red dot position closed.
     
    #15     Jun 10, 2011