• Ocean Man
    Sold the rest of my $SPY puts at $0.88. They expire today, so had to pick a spot. In at $0.61 two days ago, out at $1.04 yest & $0.88 today.
    2/15/13
    Reply (7)
    • Ocean Man: About a 50% gain on the whole bunch. $152.50 strike weeklies.
      2/15/13
    • bd4uandu: Way to go OM
      2/15/13
    • segenault: Timing is everything. I sold at .54 and five minutes later it was at .80. I just have one word.....that sucks.
      2/15/13
    • Ocean Man: Thanks bd. They are tough to time seg. There are often headfakes back up along a drop. I have many stories of selling too early & too late.
      2/16/13
    • Ocean Man: The SPY lows this week were 151.4 Mon, 151.6 Tues, 151.7 Wed, and 151.5 Thurs. So I was kinda targeting around 151.6 as my exit point.
      2/16/13
    • Ocean Man: I'm kicking myself for not adding more at 20 cents Friday morning.
      2/16/13
    • Oceanstats: Nice. You did the same thing last Friday.I thought you going to get caught but ended up with real good gains that day too.
      2/16/13
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