Lions.. today’s stock market action is EXACTLY why I generally buy long dated options. Moreover, I have stated that we need to expect volatility.
IF you are in a long dated option, IMO you are sitting pretty here.
With regard to my INTC trade, as I stated in an earlier post- IT IS A VERY HIGH RISK TRADE.
GM
My current average prices
Msft 19.40
Spy 19.27
Wmt 8.63
What are yours?
Thank you teacher. German's SAP announced bad business today. Stocks down 22%. Bought some long dated Call Options in the morning. 10 minutes later I sold with 10 % profit. Think later that evening will buy again to take some fast profit tomorrow.