UnF------ Believable:) <Max, what should I do now since I get whipsawed left and right ...> splt in two, become two people playing different sides? That way one can always feel superior to the other? (bad joke--now to be serious)
The whipsawing has been totally vicious, this week is breaking a record for crooks manipulation. A massive gap up followed by a massive gap down followed by a massive gap up--3 days in a row, big house money option/futures etc players reeming the world.
One, and as i have not said this in sometime, so i better repeat; avoid margin at all costs( i am a longtime anti-margin fellow).
So if in a short position on options going into tomorrow don't add, don't gamble and go short ATM IF you do not have money to burn and can therefore handle the loss if tomorrow blows up even further.
If in a painful position now, it's bite the bullet time--you get zero back, or you pray for a 50% back on money at risk, but don't chase if you can't afford it..
I only say this from the experience of knowing the danger of raising puts to ATM going into options Friday. FWIW, Max
If one is longside options, why get get greedy; why not take the profit now? |
