It was a side way on top day. ES/SPS held yesterday's upper range all day long. RUT advanced another day and reached to the top of its current CHVA at 1198. I had 1195 call of this week which I thought was safe two days ago. I set an exit order at $60 for my IBP but lowered it to 30 when it was near 60 yesterday. Then RUT turned around and never looked back. It got ITM today. I had to roll it out to January 3. It was a greed at work. If I calculate the cost of my greed and fear in actions It could easily add to several thousand dollars comparing with maybe few hundred dollars I saved. I need to be more mechanic from now on.
I rolled most of my ITM calls in SPY, SPX and RUT to January 2 and 3 today since it's the last full trading day of the week. The last two days I collected about $3K premiums in rolling positions to January with more uncertainties. I have to wait for the market to pull back in order to get paid. And I will.
No comments:
Post a Comment