where is multiopotion anyway....... edit: WHY do I always end up on TOP of the page and FF your visual's are so good I'm still laughing at the first one
And multioption provides the hilarious text. Have you read some of his stuff on the original My Options Play thread? It's priceless.
Looks like Multioption didn't take advantage of the last "adjustment" he made. Doubling up on a losing position usually just adds to the loss, but the market handed Multioption a golden opportunity to get out at breakeven after the DELL announcement. GREED prevented him from closing his position, now his options are 25% OTM and time running out fast.
This is one of those textbook examples for why we should have a trading plan and use money management. On the other hand you have no reason to believe that Multioption didn't do so, and it was just a losing trade that didn't make a significant dent in his account. Let the man live and trade in peace! Better post your trading opinions.
haha hate to rub it in but god damn multioption go back to papertrading, man you are terrible at risk management.
If you followed his posts you will know he had no "trading plan and money management". He went from ITM options to be sold at profit or once they reached OTM, to OTM option earnings play. No explanation was giving for such a radical change, just "will update shortly".