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World Stock Markets Trading Discussion - Dishevelled dalliance


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All Ords 5-day chart

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http://bigcharts.mar...com/default.asp

 

All Ords faded away to finish -0.2%.  Sectors ranged from Gold +1.1% down to Utilities -0.7%.

Over in Asia, China -0.9%, Hong Kong -1.2%, Japan -0.4%, India currently +0.8%.

UK/Europe trying to decide which way to jump: FTSE -0.2%, DAX -0.1%, CAC -0.2%.

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

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I guess that selling that SPY call yesterday was a half decent idea. 

With options, time is your enemy. If a quick profit is available, grab it. 

A deep out of the money play would have been far more profitable, but they're also the ones that to right  to zero when you're wrong.  You can't recover from zero. Which is why I prefer to buy at the money. Not as sexy when you get the timing right, but they hold premium better and offer some recovery with the use tight stops to protect against those times when you're not.  

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