Well, looks like GS doesn't want to cooperate right now because of this short term market strength. I'm only down about $150 on this so far. I'm gonna sit it out a bit. I've got two exit strategies in mind depending on price action over the next week or so.
I'd also love to see a pulback from either GENZ or AMGN (preferably AMGN) during the next couple weeks.
HAHAHAHA... LUCKILY, I was already familiar with options by the time I saw my first optionetics infomercial. I like to think that I'm too much of a skeptic to go for something like that anyway, but who knows. If by chance I'd heard of a friend of a friend of a friend who was making a lot of money trading options, and one night I saw that infomercial, I might have looked into it.:eek: OK OK you got me. Really I did want to go, but I was too broke back then to pay for it. I tried to sneak in, but the girl working the snack counter busted me. Seriously though, I know that some relatives lost a ton of money after the .COM crack. I'm not sure if they were using optionetics, but I'm pretty sure they went to some of those seminars.
I tried to snag a SPX 1295/1300 bear call spread this morning. Couldn't get it done before I had to leave the office so I left it. Market has gone down since then so no luck. Anybody else try to grab one?
FYI: You'll find that most people following this journal also follow the SPX Credit Spread journal. You might want to save yourself some typing and post trades in just one