I attempted to roll the 194/196 puts up to 198/200, but then that fucked up all my risk metrics and profiles and I had no idea where or what my maximum risk was, so I closed it. Spent an extra $20 in commissions doing so but hey, now I won't do that next time. Overall, SPY lost $225. Not terrible, and about half of what I could have lost from the original trade upon expiration. We had a truly massive rally in February that I, and every one else for that matter, did not expect. Live and learn.
Trying to take off FXE as we speak. Mark is @ 0.38, I have a limit buy order in @ 0.40. We'll see if I have to modify it in order to close it today. Surprisingly, liquidity has been stellar, with delta 0.05 options trading within 2 cents of each other.
Put on GDX on Friday and, sure enough, it's down 0.71 today or 3.5%. Will roll calls down if it hits 17.5 but please, GDX, for the love of all that is Holy, DON'T MAKE ME ROLL AROUND AGAIN!!! PLEASE!!!
No comments:
Post a Comment