Maybe Europe breaks GOOG today. Long 3c GOOG 590 puts (weekly) at 1.80 (correction). They do a lot of business in EZ. 1/19/12 GOOG missed estimates due to weak European demand. http://www.bloomberg.com/news/2012-...rt-of-estimates-on-slow-european-economy.html
Underwater on my June SPY 130 puts bought at 2.00, but presently trading at 1.63. This market seems like a tuff nut to crack.
Yeah. It's tough I think. It can be back to 130 by monday open. Or it can be at 135. It can go anywhere right now and with equal probability in my opinion.
I figure no real movement till the Greek election on the 17th, conveniently after June expiry, so selling OTM options at resistance points is safer than usual until then.
April was good for me. This month took quite a bad beating. I'm new to trading so I haven't traded in a high vol market. I typically do good with individual equities and elevated vol but I've done gawd awful this Month in the overall market. I need to position size better and I think I'll slowly go longer term so daily volatility doesn't affect me much.
a lot of new traders make the error of going long calls with high vol, not saying you are doing this but it makes it extremely difficult to overcome the theta rent, or with similar strategies, so if you are looking for a reversal up then sell a defined risk put spread, then the bleed is on your side.