Tuesday, February 18, 2020

HSBC -7% option traded so wierd

Was wary of this bc strong support, but gap was so big. After wiggling, I got terrible fill on puts to preempt drop. It made the move I wanted, but the option didn't move. The spread opened up on the ask to my target (me!) but it didn't fill. The bid/asked continued to float without logic so I squeezed and dumped it.

Pleased with my judgement and management of crappy position. Peace!





Popular Posts

  • Overstaying
    Coming back small after the chaggim. Need to re-sync with the markets First trade, DIS puts, hit and run. +22% standard bread and butter tra...
  • Bad entry reduces gains
    Here is another case of me jumping in too early and reducing my potential for gains.  If I would have entered at 9:49 or 9:50, I may have go...
  • Took a loser home
    Had a sizable down day, and took a loser home. Both problems relate to a spready option that I made cardinal sins on: in too big, on somethi...
  • BABA lotto calls +171%
    Daily setup : Preemptive huge box breakout. Entry/play : Lotto play means very small dollar size, out of the money calls, looking for a big...