Tuesday, September 3, 2013

I Pledge Allegiance...


... never to buy SPY options with only one trading week left anymore...

I've lost money twice by picking up inexpensive SPY calls after they got sold down - quote unquote as hedges.  Directionally, they both went in the money and they both got sold again once they hit their strikes...

Aaaaarrrrrrrgggggggghhhhhhhh....



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