Just wanted to reiterate my comment above, that some may have been viewing the NUS trade simply from the perspective of how much the trade had thus far deteriorated. But keep in mind, all of my trades are deteriorating when I initiate them. I'm simply steping in when I think the deterioration is ready to bottom out. My timing was wrong with NUS, but the strike was correct..... thus far. I'm currently looking at a deteriorating DLB. But it's not ready yet. This is just an alert of what I'm monitoring. Not ready to reveal strikes, credit or expy yet.
For next year, I'll be initiating a "My Option Trades...... 2013 I really don't see the value in having expired, out dated trades posted, from several months or a year ago. Really no reason for new readers to waste their time reviewing over a hundred pages of old, out dated trades,... as they search for new ones to consider initiating. (And perhaps even sharing themselves.) I'll be posting here again when I refer back to a trade still currently active.... either closing it or further managing it's risk. Happy New Year. Here we go again!!! http://www.youtube.com/watch?v=P66Bjh0IcRo&NR=1&feature=endscreen
WARNING: Put Master's link immediately above will take you to a Barry Manilow video. Proceed at your own risk. (His previous video link - the kids from Brasil singing Leonard Cohen's "Hallelujah" was much better. Like they say, there's no accounting for taste)
I agree. But Manilow's song is about New Year's Eve. So I thought it appropriate. (I'm a full service trader/poster/musician)
Closed the trade today for $7.30. Tried to close it earlier in the day for $5 and change, on any test of 42 again, but it kept one step ahead of me. Finally got tired of chasing it, hoping for a pull back, like on previous days, and closed it for $7 and change. Final loss $7.3 - $4 = $3.3 points. OOPS! I had another several days of trading to hope for another pull back. But as we all know..... hope is not a strategy. This is what happens when I stray from my tried and true strategy and discipline. I'll wait a while for all the anticipated comments to come, and respond to them later all at once.
That actually would be a pretty good time saver. As it was a risky dumb ass thing to do, with just 8 days til expy. Ok..... DEAL! This dumb ass is now done responding to all future comments. I'm glad I was properly diversified in stock and sector, so this 3.3 point set back on this particular "unit of investment cash", is not going to alter my ability to continue trading going foward,... with that remaining unit of cash, or any of the other units. Such is the importance of diversification.... if I ever dare forget that. Thus far, 2 new trades for 2013..... $10 ALLT and $10 ARO. And the hunt continues......