Help with two losing options trades expiry jul12

Yes I think I rushed into these trades based on "news" more than anything else. Next time I will be more careful for sure before gifting my money to the market like this.

 

Am looking into this, thanks.

Thanks to everyone else that I have not quoted, everything is useful.

 

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Just to take this story to completion, just sold the 5 BBVA Jul12 $6 PUTS for 0.15 getting net after commissions $67.43 which I haven't decide if I'll reinvest in BBVA or just keep for a future trade in something else.
Will keep you posted on how the whole position closes. Thanks

 

Just sold 4 TBT Jul12 $14 PUTS for 0.06 getting net after comm $17.94
Also sold 2 TBT Jul12 $15 PUTS for 0.38 getting net after comm $72.96

Both big losers but at least got something before expiry.

One position left and will report on completion.

 

Just sold 4 TBT Jul12 $14 PUTS for 0.06 getting net after comm $17.94
Also sold 2 TBT Jul12 $15 PUTS for 0.38 getting net after comm $72.96

Both big losers but at least got something before expiry.

One position left and will report on completion.

 

TBT Aug 2012 15.00 put is at $0.71.

 

TBT Aug 2012 15.00 put is at $0.80, I would close the position at this time. So what do you think of that "repair strategy" to minimize your losses?

 

Well thanks, good ideas. Always easier in hindsight though etc.
Look at BBVA 6$ Put expiring today, stock now below 5.70 but i closed the option days ago already...

 

That was a live call, it wasn't posted in hindsight. The ET timestamps of the posted trade - both opening and closing - will correspond with the real value of the TBT Aug 2012 15.00 puts at that time.