Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (50741)	4/12/2002 1:29:48 PM
From: LTK007	Read Replies (1) of 99280

A lesson on never stop checking an options postion.My one position in the market i had written off--20Apr15GPS puts purchased at 50cents and GPS was hanging above 15 day after day after day---so i stopped watching.Evidently something happened yesterday and they plunged in last hour yesterday to 13.30 and closed at 13.36---i could have sold them then at 1.90(but had no idea it had happened). Just in the past hour i happened to see GPS at 14.05 so i sold them for a buck--90cents than less if i had been watching yesterday--a lesson, don't quit on an option until the last day.Max

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