Today, I am not sure what I did? why?
In the morning I noticed GS was up $4.7
since the financials has been beaten down badly in recent days so I thought it was time for them to rally …..
GS was the one stock up the most …. (early in the morning…)
I bought a call as I have been doing: Goldman Sachs Grp $240 Exp 11/17/07 …
GPY KH BOT to Open 1 @ $2.00
GPY KH BOT to Open 4 @ $1.50
I bought the 1st call early in the morning … and as I saw the price moving in a range I entered another order to buy 4 calls @ $1.5 …
and left for lunch ….
When I came back the order was filled and the last price for the call was quoted @ $1.05?
I also noticed that ETFC was moving up strongly (+10.80%)
on very heavy volume.. (Volume 156.01 Mil vs Avg. Daily Vol. 25.47 Mil)
this stock has declined almost 50% in the last two weeks!
its options volume was also very high … I entered a limit order to buy 5 calls @ $0.8 ..
The asking price was higher at the time…
Coming back from lunch the order was filled …?
EUS LI BOT to Open 5 @ $0.80 Exp 12/22/07
earlier in the morning I had bought 10 QQQQ calls: Call Powershares Qqq Tr $51 Exp 11/17/07
QQQ KY BOT to Open 10 @ $0.50
I don’t know why I bought these ….. ? may be just b/c the mrkt may rally today... just like yesterday!
most of the calls I bought today are expiring in 3 days…. 11/17?
if I don’t get to sell tomorrow they will expire worthless!
I don’t know why I bought so many calls today? 20?
This is just ‘overtrading’!!!!!
And it will have consequences on my account… I know there will be ….
Although I am hoping one of these positions will bail me out….
But the expiration date is very close?!!