|
PureBytes Links
Trading Reference Links
|
Walt Downs wrote:
> Well, today was interesting.
>
> Out of the bonds at 111-29
>
> Did well in the Cattle.
>
> But, I really screwed up on the bean puts.
>
> I sold the 675 puts (purchased at 3)
> looking to re-enter when the
> market contracted. They were sold at 12.
>
> Well folks, the market never *did* contract, and
> $500.00 an option walked off into the sunset
> without me.
>
> And there I stood, like a chicken in the rain, head
> flung back and mouth wide open.
>
> Totally faked out.
>
> Walt Downs
> CIS Trading
Well Walt, look at it this way .... at least you got out when you
did...... (Sometimes even a Chicken knows when its time to come out of
the rain.) Best of luck on the soy rebound!
Regards
Ryan Garrett
|