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Norcal Eric
joined discussion · Oct 14 00:19
$SPDR S&P 500 ETF (SPY.US)$ nothing like starting the week d...
nothing like starting the week deep in the red. just another day of getting pounded by the bulls. top ramen and tap water diet for the rest of the month.
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Donny Brasco : I feel ya!
74313450 : Did you short U.S. stocks last Friday?
ma gon 74313450 : looks like today's short, not even at market open
Norcal Eric OP 74313450 : last thur/friday was the first time I bought calls in weeks. towards eod, bought one day puts and now they're basically worthless. I don't consider it bad luck anymore. it's something else entirely
74313450 Norcal Eric OP : I have always been long on US stocks, and I add positions when they drop. I hold a large number of common shares and buy call options with distant expiration dates. Meanwhile, I purchase a small number of buy put options as protection. If the market falls, I sell the profitable buy put options and use the proceeds to add positions in common shares or call options.