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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • cmegladon cmegladon May 28, 2010 11:00 AM Flag

    I'm adding....watch the dollar.....

    I have to make up $2.....if so, then I'm in the money.
    The question will be, EOD.....will try to decide if closing out or a big bopper hold. Just the thought of it is beyond........
    No way to know at this moment. (well, I think I have an inkling)

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    • I always choose a strike price with at least a 3% spread. you should consider doing the same, otherwise just one mistake will wipe you out clean. what was your strike price. also was that put contracts I am assuming.. if so, that's are going in your direction for now.

      I actually had an overnight call position and immidiately sold this morning for a small loss, and that just snapped my 9 in a row winning streak I had built up since April 27th. it was a 107 strike price with a 4 dollar safety cushion..

      by the way, I just got a SHORT THE SHI_ out of the S&P index at approximately 10:45am EST... I entered with a 113 strike price , 1000 put contracts at 4.27/share. just 30 minutes late, the price is at 4.83/share. so now I am up 5 times a much as my small loss this morning... and now has faded to 4.70/share. still up 43 cents a share... I'll be keeping a close eye on this one, and with a market sell order at 4.57, so I can still get 30 cents a share in profits if it drops any further.

      • 1 Reply to sah1958x
      • cmecladon

        I always choose a strike price with at least a 3 to 5% spread. you should consider doing the same, otherwise just one mistake will wipe you out clean. what was your strike price? also that was put contracts you bought I am assuming.. if so, the S&P is going in your direction for now.

        I actually had an overnight call position and immidiately sold this morning for a small loss, and that just snapped my 9 in a row winning streak I had built up since April 27th. it was a 107 strike price with a 4 dollar safety cushion..

        by the way, I just got a SHORT THE SHI_ out of the S&P index at approximately 10:45am EST... I entered with a 113 strike price , 1000 put contracts at 4.27/share. just 30 minutes late, the price is at 4.83/share. so now I am up 5 times a much as my small loss this morning... and now has faded to 4.70/share. still up 43 cents a share... I'll be keeping a close eye on this one, and with a market sell order at 4.57, so I can still get 30 cents a share in profits if it drops any further.

 
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