I'll believe that. It's just that for some reason pinning is this new en vogue subject. I think it's due to Cramer, every month like clockwork, rattling off some arbitrary list of stocks and claiming that they all "have" to get pinned at whatever the nearest strike happens to be, without the necessary analysis.
So what was the final tally (best case) for this trade? I took a quick look around 10:20 and got an estimated 85% haircut on the play (inc $70 commish). However, closing earlier would have gotten somewhat better return... Although a short strangle would have won this one, as we've seen before, that's an even riskier position. Either way, I struggle to differentiate between this type of play and randomness (coin-flipping, roulette, etc.). I think there was a thread a while back where someone posted that after researching thousands of earnings events, they had developed an edge and could demonstrate an ongoing profit. R
yea whats your love with sbux? don't waste your time trying to make lost $$$ on that stock. You'll just lose more. there's a whole list of much better stock with higher probability payoff. Buy some FCX or BA calls... much better value and upside.
\ Whew, got out with 2 minutes to spare at $5. I held on and figured a lot of folks didn't want to hold into the weekend. It went down to $3.50 for a second, but I didn't pull the trigger fast enough. Paid for the new Espresso machine I just bought, plus a pound of coffee.
forex^2, Plan your trades and trade your plan. Random guessing , hoping, and luck is not a trading plan.