I bought the 590 calls for 4.30 each and the 585 puts for 2.30 each. I thought I would make some good money this afternoon into tomorrow. Given the tight trading range I am not so sure. what do you guys think?
That's the problem right there cod player...Cramer has brainwashed you all into buying calls and they rarely pay-off. Think about this for a while guy - everytime you buy a call, some fat, sweaty, stinky #$%$ pig at Goldman Sachs immediately shorts 110 shares... When enough people buy the ATM call, no matter what, it goes down. good luck,
That is why I bought the puts as well. Not sure which direction this will go so I wanted to have exposure to both sides. I haven't paid attention to Cramer in months. I got tired of him screwing up trades. I learned a lesson the hard way.