It Never Fails...

Discussion in 'Options' started by Arnie Guitar, Oct 5, 2006.

  1. Bob111

    Bob111

    #11     Oct 6, 2006
  2. spindr0

    spindr0

    Bob111,

    Nice web links...

    You've got waaaaay too much time on your hands
    (and don't ask me what I'm doing here :>)
     
    #12     Oct 6, 2006
  3. I wasn't GM was it?
     
    #13     Oct 6, 2006
  4. nope...


    and I ain't sayin',
    they're watchin' me...
     
    #14     Oct 6, 2006
  5. Absolutely true... my cage helps me avoid the Uncertainy Principle while trading...

    Schrödinger's cat would be proud but still dead...

    http://en.wikipedia.org/wiki/Schrödinger's_cat


    :D

    cj...

    __________________
    HAVE STOP - WILL TRADE

    If You Have The Vision We Have The Code
     
    #15     Oct 6, 2006
  6. Here's what I do:

    47 minutes after I make the first trade I take the opposite position.

    Gets "them" every time.

    My profits suck though, but I never lose money.
     
    #16     Oct 7, 2006
  7. Well, all I know is that it happened again on Friday.
    I took a vertical call spread, and yep, positive news came out
    about an hour or so later on the underlying, and it moved hard
    against me...:mad:

    Now if I'da had a diagonal....:(



    And August was SO good, I was 7 for 7....:)


    Damn it. :mad:
     
    #17     Oct 8, 2006
  8. jj90

    jj90

    Arnie, just out of curiosity, when you took the position, was it a short call spread and the news hit after hours? If so, I think I know the underlying you were in on.
     
    #18     Oct 9, 2006
  9. Well, it's an old nemesis of mine, one that I swore I wouldn't mess with during earnings season, but nooooo... :(
    Those darn fat premiums...:mad:
    Funny thing, the news wasn't earnings related, but an acquisition ...
    is that enough of a hint for you(tube)? :p

    By the way, nothing goes straight up, does it? :eek:
    Sheesh, and they haven't announced their earnings yet......:eek: !

    You know, there's a Sicilian thing called "the evil eye".
    I think someone put one on me....:(
     
    #19     Oct 10, 2006
  10. Next time tell us what you are doing so we can put on the opposite trade.
     
    #20     Oct 10, 2006