Legged into HANS this morning.
Sold the short first on the down swing.
Next time, buy the long first then when it starts losing value on the upswing, sell the short leg to lock in the juicy spread.
Exit stage right: Will kick myself for not buying a straight call - BTC short @ a nickle
Exit stage center: Watch the spot mark and smile for the people.
Exit stage left: Will stay for act II at a touch at $57
Fall off the stage: Earnings on Nov. 5th - Energy drinks starting to get a bad rap and flooded market. RTR = 1:3 with +60% probability
13NOV07 - UGLY! Similar to the recent LVS trade, I didn't sell at the trendline break on 11/7 but bought back the short $160 in the morning (first 10 min.) and then the long for an even greater loss later on the pull back up. Could have held the long put and made out nicely but would have held over earnings. Took a LARGER LOSS THAN I SHOULD HAVE by selling the positions seperately. Max loss was $170 but I took a $180 loss.
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