• Rubenov
    Advice needed: I'm down almost 70% on 7 AMZN $185 calls bought at 10.26 Jan '12. Any ideas on how to minimize losses/lessen impact
    12/23/11
    Reply (13)
    • Rubenov: will be appreciated.
      12/23/11
    • jason2788: smut sites cures all ills
      12/23/11
    • luckylisa: sell 190 calls
      12/23/11
    • callseller: Convert it to Ratio call spread or if you are still bullish sell bullish put spreads.
      12/23/11
    • Rubenov: New at options... how do I convert it to Ratio call spread?
      12/23/11
    • shellsnail: buy OTM puts and wait for pullback in markets to profit on those... then after that sell the puts and wait for jan rally to close calls.
      12/23/11
    • shellsnail: or if you are risk adverse, simply hold and wait, things could hardly get any worse.
      12/23/11
    • Rubenov: Thanks all.
      12/23/11
    • shellsnail: but if you were asking abt ratio call spread: http://bit.ly/sZKLcm
      12/23/11
    • neobliviscar: Or just keep it simple and sell the 190 calls. Might consider overselling them. ie. sell a 10 or 11 lot.
      12/23/11
    • traderchats: AMZN chart shows invert cup and handle pattern.. any close below 177 for 3 days will take the stock lower to atleast 130 in 4-6 weeks.
      12/23/11
    • neobliviscar: Tradechats: And my Eagle Claw kung fu beats your Drunken Monkey kung fu? Guy asked for advice, not teacups. Are you recommending he sell?
      12/23/11
    • traderchats: Neo I am rec him to watch the stock for 3 days for close below 177 and if so, sell it,else there is high chance the stock might bounce back
      12/24/11