I told you guys...closing positions for a loss is for fools.

I thought you were being sarcastic. Follow the crumbs. Look at your earlier post to which I responded, and which was your response to another poster's question.

 

It's unclear what exactly you mean.
Just give the links of the postings you mean, or the posting #'s of them.

 

You cannot possibly be serious.

 

You better should be serious, not such childish.

 

Wait..WUT??

You bought a put,was down 4 bucks on the option,1200 bucks overall ,didnt sell it and today you closed it at .05??

And you never close a trade at a loss???

Cmon dude

 

Dude is lost..

Theres a reason he trades one lots,and thats probably too big a position

 

The spammer @taowave again trying hard to kill another discussion...

 

you call selling an option(or did he buy),closing your eyes and getting lucky a "discussion"???

 

Sold a put! It was a typo...I bought to close at .05. Tao you should be able to deduce that from the information.

P.S this is why edits should be atleast 24 hrs...and quotes should be updated when op is updated.

 

If you sold a CSP (Cash Secured Put) as part of the well known option Strategy: The Wheel
and held the position even when it went against you but not enough to PUT the stock position to you...

Then you did what thousands of traders before you have done with this strategy... by holding... until the put option expires worthless or until you are PUT the stocks against your cash secured put and then you play out that long stock trade with covered calls... etc. etc.

I am scratching my head... The Wheel Strategy option trader holds his position until the put expires worthless or he is PUT the stock position of his option.

???