Monday, March 17, 2008

I hesitated... as usual

It was an unusually lucky day from me....

The GOOG put I bought for $8 on Mar 12, I sold it for $21 today... 140% gain... although I could have sold the put for $25 at one point I hesitated... as usual I set my sell price higher to $30? From $25 that is! Which I expected it will hit... the mkt unusually turned around and went up after being down 105 points...

I was luckier then anything... the mkt was down in the morning and GOOG was down a lot $16 in the morning... I checked the options my put was @ $22 quite early...

I think I made a better decision taking the profit... although GOOG might go below $400... There will be other opportunities to come.

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