RE: 8/22/17 Diary of a "pending" UVXY call options trade "live!" as I'm spekkin to ye...and why you ALWAYS lose trading options

[joejustjoe]

8/25/17 11:06 AM: Back in my long SPY trade but this time via the 244.50 calls that expire today. Paid .35 as teh SPY broke belowst 244.50..."live!"

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spy&x=40&y=11&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Comments

[joejustjoe]

8/25/17 2:49 PM: SPY 244.50 calls now at .59, can't lose now. Still gonna shoot for .90+ on this trade but keeping a rolling mental stop 10% below the current bid of .56, but to the asked side of the trade.

[joejustjoe]

8/25/17 3:30 update: Out of the SPY trade at .53 market.