No replies to this topic

[Doug]

So yesterday, on a whim, I decided to throw away $300. I bought OCT 53 puts at the end of the day. My reasoning was that the Nasdaq was over extended and I would at least cover my commissions if nothing else. This morning I was kicking myself for not waiting until today to make the purchase and get them even cheaper. Well 100% profit later I am pretty happy - lucky and not smart. Regards, Wish I had bought 100 contracts.