Couldn’t stop for even a day !

I was getting my orders in for the day, and I saw NAL , and at the end of the day, yesterday, the spread had narrowed to 0.25. Below my break-even point. I was however asleep, and I didn’t put in an OCA order. At 0.25 for the calendar, I would buy it , even at this late date. It is a “heads I win, tails I get my money back” kind of trade. The IV would have to drop under the historic for me not to get my cash back ( less commission ).

Probably could only do a few contracts. Not like AAPL. I miss AAPL. I have been trying to trade AAPl, but haven’t seen an opportunity.

When I stopped watching the market @1:00, it was at 0.15/0.20 . IF , that is a big if, the spread goes back to 0.25, I am in for a few contracts.

But you know, the market is always priced right, and the market may hand me my ass.

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This entry was posted on Wednesday, June 6th, 2007 at 6:38 pm and is filed under Option Trading.