Wednesday, May 27, 2009

good day

i woke up with a badly upset stomach. i could barely sit at the computer, so even though the market was fluctuating i set a sell level of 12 (breakeven) for my POT and went back to sleep. MON had given bad guidance and i was hoping that sell off would at the very least tamper POT's gains. i woke up to find that my POT had already been sold at breakeven. it was at the same level again and sinking lower. what really pissed me off, was the price differential. i bought my puts yesterday, when POT was at 116 for 12. today they offered the same price 12 only when POT reached 115.3. that's some serious price gouging. i don't like trading POT ;|

i watched the indices flutter around and traded the YM. was up $400+, when i made a bad buy. i survived that one (last one below), but the lesson learned is now becoming fairly clear. YM is a very dangerous instrument to trade. very volatile and it's not that easy to see where the overall market is going, compared to a single stock. i have to be very cautious trading this fucker.

gonna rest up now, since still not fully recovered from my stomach flu. or is it the pig flu ;)

POT10SLD12JUN09 125.0 PUT Option PYPRE11:24:5720090527NASDAQOM7
YM3BOT8339JUN09 Futures YM JUN 0914:28:0020090527ECBOT6.39
YM3SLD8345JUN09 Futures YM JUN 0914:29:4720090527ECBOT6.39
YM3SLD8360JUN09 Futures YM JUN 0914:40:3820090527ECBOT6.39
YM3BOT8350JUN09 Futures YM JUN 0914:58:3520090527ECBOT6.39
YM3SLD8366JUN09 Futures YM JUN 0915:07:2220090527ECBOT6.39
YM3BOT8350JUN09 Futures YM JUN 0915:10:5420090527ECBOT6.39
YM3BOT8311JUN09 Futures YM JUN 0915:24:1920090527ECBOT6.39
YM3SLD8310JUN09 Futures YM JUN 0915:46:5820090527ECBOT6.39
MON10BOT10.3JUN09 70.0 CALL Option MONFN15:59:5320090527PSE7

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