LOL, true to that, but then you just can't let emotions keep you out of which ever trade makes money....lol. I almost did grab FSLR a few years back because there's no way solar was going to last they way everyone said it would but I decided to buy some shares around $75 and rode it to $140 before sliding out. I feel like that on CRM too, the p/e on CRM is just up the roof like AMZN, but at least I know Amazon's core business. Still, when the evaluation comes, I may end up buying CRM calls to just because there are so many bears betting on feelings and emotions. I've reviewed FOSL again, and I'm going to speculate on FOSL. Cash account is running low, I don't have the luxury to wait on many earning trades to show up so I'll have to take what the market gives, and with heavy put volume today on FOSL, I like the risk ratio on FOSL May 140/145. FOSL needs about an 11% move just to break even, but it has averaged 16% post earnings with only once coming in below 11%. I'll take my chances there.
You are right Too late now... o well, small bet. I lose. Gotta move on. EDIT: Wow, now that's what I call investor disappointment..LOL... look at RAX getting hammered!
I got in a new pairs trade today. AMGN (68.85) July 75 calls at .63 Target=73.65 SLAB (34.60) July 30 puts at .65 Target=31.85 I probably won't take much beating if the pair goes into negative overall draw-down, maybe -25% and I'll close them. The upside has good potential option gain if they hit or even come near there targets without too much time decay.
Wow, big disconnect. I didn't get a good feel for traders in the current market situation. Taking some losses in RAX and FOSL spreads.....I'm leaning towards heavier put trades for the remaining funds.