Took a quick penny trade.

Discussion in 'Options' started by noob_trad3r, Aug 22, 2012.

  1. long 10 puts, 40 dollars (138 strike expires this week.) on SPY

    If FOMC and the other economic news spook the market I could make some change.

    or lost lunch money.
  2. looks more like lost lunch money.

    IV crush and rapid theta decay sucks.

    I never have made money going long options. :D
  3. I wonder if Durable orders will kick it up a notch. Still some hope for friday. :D