I've got the post-Obama blues

Discussion in 'Options' started by bjcmga, Jul 18, 2010.

  1. bjcmga

    bjcmga

    So, my first post....

    I've got a bunch of Aug10 Debit Spreads - Bull calls obviously :>(

    Most turned from a few dollars in the black (about 20% of profit target) in to the red (about 30% towards max loss). My game plan would usually have me out at a 20% loss, however these were unusual times. It was an accross the board drop precipitated by, I assume, the new rules on placed on financial institutions.

    I'm thinking of riding it for another week before considering an adjustment - most likely a roll out to the next month.

    Thoughts?
     
  2. Stay long.

    It is expected that we will reach new 52 week highs by mid-August, then we hit a bear market.
     
  3. Carl K

    Carl K

    You have done well by starting with a plan,
    and being hedged (limiting your risk).
    Next, follow your plan.
    Include, "What if" (adjustments) in your plan.
    Rule, don't change your plan mid stream. (self discipline)

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