Options have zero sum, that means that if you are winning then someone out there is losing money. By just betting without a plan you will probably be on the losing end. My advice is to search some information in google or even youtube about how to get started, type in something like "options for beginners" and start learning. Or jump directly to Investopedia, they offer lots of education.
thanks appreciate it. i need some kind of strategy. i made money off vch that it was going to go up. and i just made money off of facebook going down. but i want to do this steady but thanks.
FB should hold steady while the market falls or at least reverse at the end of the session today, the kind of play I wanted. Got otm puts on spy and a jul call butterfly on fb 33-35-37
sold the puts, now I am bullish for at least monday, got calls on spy perhaps too early... jul138 calls bought for a total debit of 1,610, avg price 0.537
FYI ...... FB has no support, I recommend buying puts in June. The FB Jun08 2012 26.00 puts are only $0.50. http://finance.yahoo.com/q?s=FB120608P00026000
Those will not make it to $0.75 bid. I'd say you're flushing your money but we both know this is another fantasy "watch list" position.
Who knows how that specific option will play out, but in general the 1- 2 month ATMish FB puts trade at "only" 60odd IV, not crazy high given inherent volatility of the stock.