Wells, fools keep hoping and the market does not care.
With this type of up move, any hopes of making profit through buying PUT options are bound to be dashed and yesterday’s market action precisely did just that.
Our trades lie battered and bruised.
There is not much left to lose. So we dig in and try to stay where we are.
As part of being cautious, we do not take another trade. About being profitable, that is another story. Hopefully we shall get back to that story soon.
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.