Playing indexes doesn't it doesn't have to be that difficult. You just have to have patience to deal with indexes. The indexes represent market sentiments. you act on an index only when you have a clear idea about direction of sentiments OR just like this week, if the market was positive and if you are sure that that's the end of the run. The market cannot go up all day.
I bought April 157 puts in large quantities just because, I believe we had a great run over the last few days for no economic reasons and the market has to correct that run. It cannot go higher all day.
I have entered a sale order for puts ($1.62)at 3:59:48 (just 12 seconds before the market close. If was at $1.57 at that time and the price never reached 1.62. Since my order was entered before the market close and the trade didn't happen before 4.00 PM, the order should have cancelled. But the broker closed the position at 4.14.
What should I do to get the trade reversed. Serious replies only please...