Monday, October 06, 2008

Steel balls!

Well, for almost 3 hrs, I thought my steel balls were going to be crushed by the bear claws :) Shorted OCT puts of X ($55), AKS (15), FSLR (125), WLT (25), and FCX (35), and did not cover. I did chicken out on AAPL, MA, DVN, MON, and APA, well, you just cannot win them all. The only question now is if I should lock in some profits tomorrow or hang in tough to let all options expire. Make no mistake, it is still a bear's country....

2 comments:

Kris said...

If you are able to let the options expires, you are bound to make alot of dough since the premium collection is good.

flyingwabbit said...

what if the market keeps going down for next 5 days? hehe