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Tough getting a close on my puts


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#1 bighouse1006

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Posted 05 February 2018 - 03:21 PM

Great problem to have, my best 3 days ever. But the spreads on my puts are insane.

#2 libertas

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Posted 05 February 2018 - 03:22 PM

Yes. I closed out too early but at least I got paid.



#3 bighouse1006

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Posted 05 February 2018 - 03:25 PM

Turn comes tomorrow. Have seen this before.

#4 bighouse1006

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Posted 05 February 2018 - 03:28 PM

Started buying long calls. You have to place limit orders way below the ask. Most of the hitting. Systems are so slow.

#5 libertas

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Posted 05 February 2018 - 03:32 PM

Talk about spreads. SVXY 95 call bid 1.20 ask 4.75 ROFL



#6 bighouse1006

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Posted 05 February 2018 - 03:35 PM

In my system today usually sets the range going forward. We will get some backing and filling over the next day or so, then some upside to close the week. The price on close is important. We should get the normal reaction on www. Pretty simple.

#7 bighouse1006

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Posted 05 February 2018 - 03:40 PM

I will close most of these weekly long calls tomorrow. There will be much better prices Wed. and early Thursday.

#8 cycletimer

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Posted 05 February 2018 - 04:09 PM

I’ll look at calls tomorrow morning after the follow thru occurs.
My early retirement journey (blog): https://firechecklist.net/

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#9 libertas

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Posted 05 February 2018 - 05:11 PM

Good thing I'm only holding calls. SVXY 39.5 AH (XIV 35.51)

 

Wow. Wipeout.

 

That's not going to buff out.


Edited by libertas, 05 February 2018 - 05:12 PM.