Sold AXP Calls 53% Loss

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November 1, 2007

Sold AXP calls for a 53% loss. Nov out of the money options getting killed around the horn today and I don’t know if AXP will bounce enough before time decay kills em. These calls will decay fast if AXP can’t bounce even a little bit in the next few days. Taking the leftover money while its still there.


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  • http://williamgcash.blogspot.com WilliamGCash

    Ouch. 53%? That has to hurt a little. Sorry to hear about that.

  • http://williamgcash.blogspot.com WilliamGCash

    Ouch. 53%? That has to hurt a little. Sorry to hear about that.

  • http://www.stockrake.com Sensei

    Not too bad. Part of the options game.

  • http://www.stockrake.com Sensei

    Not too bad. Part of the options game.

  • http://www.stockrake.com Sensei

    AXP calls down another 50% right now from yesterday…it was a good move getting out of those.

  • http://www.stockrake.com Sensei

    AXP calls down another 50% right now from yesterday…it was a good move getting out of those.