Seeking Alpha
  • Ocean Man
    Stopped out of $SPY puts at break-even. Man, I was up 48% on those and didn't take it.
    4/5/13
    Reply (9)
    • Perkins Cove: "know when to hold 'um, know when to fold 'um"......grin. In general your going more to cash...? Or shorting?
      4/5/13
    • Ocean Man: Net long, got some UVXY, and about 65% cash.
      4/5/13
    • Perkins Cove: That is probably more cash than you usually hold I imagine. I understand why. Have a great weekend!
      4/5/13
    • Kwimo: Still, given the risk involved with a long position in a near expired option, I see breakeven is a good trade.
      4/5/13
    • pollyserial: honey badger market hot in pursuit of short's stops
      4/5/13
    • Kwimo: By the way my post was meant as a compliment, not as an admonition for going long on the last day.
      4/5/13
    • Kwimo: The entry was excellent, and the stop limited the risk. I call that a good trade.
      4/5/13
    • Optionstrader7: what were you waiting for? 50%? LOL
      4/5/13
    • Ocean Man: Thanks Kwimo. I thought we would head back to $154.00, planned on taking gains around $154.06, a 60-cent move. Only got 39 cents.
      4/5/13
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