Ouch man... the gambler's ruin type of strategy doesn't usually work well when it involves options, the theta alone will kill you. You're betting on not only price but also time. Be careful...
Quote:
Originally Posted by EvosM3
Made some money off of GMCR calls and sold. Then I bought an Apple put and sold for a profit but I also bought some calls for both GOOG and AAPL. The double top on the /ES is scaring me but with this weak volume I feel like we will see a bounce.
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Anyway, I love how this thread lights up like a christmas tree on down days but is dead silent on up days... buncha bears here =)