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  • 444
    Bought yest. TNA Jun29 $48 call @$1.30, sold now $2.00. Bought Mon. TNA Jun29 TNA $49 call @$1.00, sold now $1.35. Made 13% against hedge
    6/27/12
    Reply (5)
    • 444: Hedge was TZA call bought last night; sold this AM. This is not ideal; I'm not bragging but simply glad I made a few dollars.
      6/27/12
    • Ocean Man: Good job on the TNA calls, but that's a terrible hedge. Both calls decay, as do both stocks underlying - no win.
      6/27/12
    • Ocean Man: Weekly calls have worst decay of anything.
      6/27/12
    • 444: I know you are right; I didn't want to do that but had backed myself in a corner. Monthly calls seem expensive to me; I have little $.
      6/27/12
    • 444: The whole thing was a lesson to me on what not to do; that's why I was glad I got out unscathed but I'll be smarter next time.
      6/27/12