Hi Poet,
I made money yesterday on DITC calls- it was rolling between 103-112, and I rode it twice. With earnings coming out on 5/25, I think this one is good for another swing or two- definitely a buy under 100. Also got some SCMR calls, not too cheap though (!) and bought ELON at a high yesterday. But it was the first day in a long time I've made any money.
I still have a lot of QCOM, including July calls that get
cheaper every day. My account needs a serious repair strategy. I have to say today, and yesterday, feels like some kind of nail in the coffin. After I heard the statement accompanying the rate hike, I immediately sold most of my calls. Some are calling for a June rally, but it doesn't feel that way to me. Is anyone really making any money w/these little swings? More importantly, how do you protect your sanity in this environment? I've found myself trading trying to "get even" and I know it's not smart or
really doable. What do you think of the intermediate term trading environment?
Thanks,
Kate
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