I forget what day I'm on but today in an otherwise bull market:
Bought FB 26 puts 205 @ .65 -- (add a new button "buy on bid" rather than market on TD).
Sold @ .75 for about $2k gain (- fees so shy of +$1800) ! Was trying for 300 but fill didn't make it.
The option dropped to $.50 late session and I was tempted to go back in, but bit sleepy and my target is $1k/day so didn't want to get greedy. Closed at $.80 !! Argg another big gain missed.
The spreads on FB is bit high, 5-10 cents. Not sure why, JPM spreads are like a few pennies, but FB 5-10.. i think its just volatility and brokers spreading wide because of the swings.
FB is good to trade because it swings violently in the day in each direction. Looking at JPM options its so stagnant.. would die waiting. I need to find something similar to FB with clear direction (down) and lot of intraday movement.
FB fairy tail is going to end soon... sadly I'm not making or risking big $$ -- which is okay, the point of this exercise is to make lucky wins consistently and learn the woes of day trading.
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