Daily Recap - May 19, 2008
Keeping it short since I just came from class. I apologize for the lack of updating during the weekend but I’ve been ill for a couple of days now. Having a nasty headache right behind your eye really, really hurts! Anywho, quick update:
No Trades Taken
Profit / Loss for the Day / Open: -$77.00 / -$174.00
Amazing what happens when volatility begins to contract. Visa finally broke above $83 today and closed almost a point higher and yet my contracts were down. Theta and volatility suck. Seems to be the story with the rest of my holdings. I think at this point I’m going to switch from playing an options/futures game to strictly options. There’s quite a bit of cash sitting in my account that I could potentially put to good use. I’ll have a more complete update at work tomorrow. Sigh…
Leave a Reply