What a wild ride that was for my one trade for the month. I bit into the apple of temptation, yesterday, and saw a paper loss of 250% on my puts as SPY tumbled down. By the time the market opened on Friday, most of the premium was gone and I was at a profit.
Still, I was skittish, thinking that there might be a head fake and a total collapse into the close, instead of a big rally like it was in October. I closed the position, making for a tiny profit for the trade and the month. With profits so hard to come by, I'll take whatever crumbs I can find. Count this one as a crumb for sure.
No comments:
Post a Comment