Quote:
Originally Posted by lewdog
What size trade was that to start with? I am getting more into options and it's crazy how those premiums swing when VIX is high.
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Right around $3,100 got me 200 calls that expired that Friday.. I bought in and averaged down. Then sold the $172.50's and moved up to the $175's. I took about $10k of profit out of the market and then reinvested just $2,250 for 150 calls for that Friday The $175's jump and pulled another $16k out and then went and bought 250 puts at $23 for a total of $5,750 for this Friday's expiration.
I normally don't invest that much in one option trade but I am using the markets money.