Wednesday, February 19, 2020

ALLY +19% lunch money

I entered ALLY at 9:52. Kind of late for me and I considered just not taking it. Spread was 5-10c on .20 option, so I went small(ish) and opened with a limit order. That was a bit harrowing, bc by the time it filled, it was pretty near my stop. As it dropped, I didn't like the option action (ex, bids would disappear to .05, even as it dropped) and I reduced my p/l target. I feel like I was right to play it like that and possibly lucky to get the fill on the limit as it bounced. Take a little lunch money and call it a day.



Popular Posts