Unfortunately I wasn't able to post about this trade when I took it the previous week but I had initially entered a short position in AAPL via weekly put options around the 101.00 area, after I entered I had realized the mistake I had made based off of greed. So I started looking for a way to turn the unfortunate position I had put myself into, into a new opportunity... And to my relief I got the opportunity to enter regular expiration calls and turn this into a bullish biased ratio spread, with the puts becoming the hedges on the long biased trade. Note the large buyer volume exceeding the previous week/s seller volume.
I entered calls around the 105.00 area, and now look to let go of some at the 120.00 level. The rest I will leave on the table to take the ride up to the 130.00 area,
The point of this post is more to log my trade, but to also show trader's that are relatively new to this business that not all mistakes need to end as a "mistake". At times market volatility does offer you the opportunity to turn a losing position into a winning position. Also, its important to not "marry" a certain directional bias. The market can change direction at any moment, in which you can either freeze and get slaughtered or you can take a hard look at the situation at hand and find a way if possible to fix the problem. Just remember that there isn't always a good solution to a bad trade, and sometimes you just have to eat the loss and move on.
Cheers =)
I entered calls around the 105.00 area, and now look to let go of some at the 120.00 level. The rest I will leave on the table to take the ride up to the 130.00 area,
The point of this post is more to log my trade, but to also show trader's that are relatively new to this business that not all mistakes need to end as a "mistake". At times market volatility does offer you the opportunity to turn a losing position into a winning position. Also, its important to not "marry" a certain directional bias. The market can change direction at any moment, in which you can either freeze and get slaughtered or you can take a hard look at the situation at hand and find a way if possible to fix the problem. Just remember that there isn't always a good solution to a bad trade, and sometimes you just have to eat the loss and move on.
Cheers =)
交易手动结束:
Let go of the trade, due to expedited time / vol decay to price in the options.