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Old 12-12-2007, 01:38 PM   #1
BYU71
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Default FM and any of you other option traders

you will like this story. So yesterday when the market was down 150, I bought calls on the OEX. Paid $5. When the day ended they were at $2.70.

Yuk, I go home telling myself I have a gambling problem. This morning I just sold them for $7 and am still telling myself I have a gambling problem. Not really. I haven't bought any of those since the last time I said I did on this board. That trade I lost just a little less than I made on this one.

I still think trading options is more for amusement than making money.
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Old 12-12-2007, 01:43 PM   #2
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Originally Posted by BYU71 View Post
you will like this story. So yesterday when the market was down 150, I bought calls on the OEX. Paid $5. When the day ended they were at $2.70.

Yuk, I go home telling myself I have a gambling problem. This morning I just sold them for $7 and am still telling myself I have a gambling problem. Not really. I haven't bought any of those since the last time I said I did on this board. That trade I lost just a little less than I made on this one.

I still think trading options is more for amusement than making money.
Well I'm certainly in it to make money. But I will admit that one of the reasons I do it is because regular investing is boring.
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Old 12-12-2007, 01:48 PM   #3
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Well I'm certainly in it to make money. But I will admit that one of the reasons I do it is because regular investing is boring.

I got lucky. The options are only trading at $5.40 now. I think I will just sit back now and feed my bad habit by playing Texas Hold'em with the boys on Friday.
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