I've made many many trading mistakes today, and its not even noon. My calls were positive this morning, and instead of taking the gain, I am currently holding them (particularly the SPY and IYR calls) at a large loss. However, I am actually adding to my SPY calls and just purchased SPY May 72 calls. I chose May to allow more time for a significant bounce to materialize.
It is definitely painful to purchase more SPY Calls at this level, considering we sliced through 700 pretty easily. I am definitely concerned about a LARGE wash out, but I guess time will tell.
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Stock Analysis for Traders and Investors
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