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01 Nov
Posted by Sensei @ 12:49 pm on Thursday, November 1st, 2007 in Options, Trades
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.
Tags: axp, call-options, Options, Trades
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WilliamGCash
November 1st, 2007 at 6:06 pm
1Ouch. 53%? That has to hurt a little. Sorry to hear about that.
Sensei
November 1st, 2007 at 8:26 pm
2Not too bad. Part of the options game.
Sensei
November 2nd, 2007 at 10:22 am
3AXP calls down another 50% right now from yesterday…it was a good move getting out of those.
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