The next time I start to short something in my bullish watch list just because of the chart indicators, DON'T do it!
MPWR looked overbought so I bought put options. When it went underwater, it was still overbought, so I held on. Then it went deeper into the red. It finally dropped for 2-1/2 days so I made my exit the first thing this morning near the day's lows. -40.9% on that lark. Fortunately it was a half-hearted attempt to piss away my money with an undersized position.
I sold some KOG calls for a spread conversion near the high for the day. That should return around 54% if the price holds for a week and a half.
The remainder of the RM limit order filled (stock).
No comments:
Post a Comment