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Ohene

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taking a massive L with XLF. @Futuristic Eskimo make sense of this for me :mjcry:

i got puts expiring Jan 20. SHould I ride it out or cut my losses. I only have about $700 left to lose in them
 
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taking a massive L with XLF. @Futuristic Eskimo make sense of this for me :mjcry:

i got puts expiring Jan 20. SHould I ride it out or cut my losses. I only have about $700 left to lose in them
:bryan:



Whats strike? Financials are technically overbought, but Im not sure if there will be a meaningful reversal in sentiment in one months time with regards to the regulatory outlook. Steepening curve isn't helping you either.
 

Ohene

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:bryan:



Whats strike? Financials are technically overbought, but Im not sure if there will be a meaningful reversal in sentiment in one months time with regards to the regulatory outlook. Steepening curve isn't helping you either.

perfect song :francis:

no reasoning really. Strike is 23. I need it to hit 22 by January 20 in order to break even.

I saw how crazily overbought it was, how long it had been riding the upper bollinger band...looked at the MACD...saw how much percent it went up and felt it had to pull back. I was up a good 20 percent after the first two days. Unfortunately it has gone up since without looking back. This is the last time I try to buy ETF options. Its the third time I have and each time XLY/XLE/XLF i've been burned. I still have hope though :manny:. Think i should say fukk it and sell?
 
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perfect song :francis:

no reasoning really. Strike is 23. I need it to hit 22 by January 20 in order to break even.

I saw how crazily overbought it was, how long it had been riding the upper bollinger band...looked at the MACD...saw how much percent it went up and felt it had to pull back. I was up a good 20 percent after the first two days. Unfortunately it has gone up since without looking back. This is the last time I try to buy ETF options. Its the third time I have and each time XLY/XLE/XLF i've been burned. I still have hope though :manny:. Think i should say fukk it and sell?
Im not gonna give you advice because I havent had nearly enough time to follow markets recently. Been traveling up to Montreal every week for work, moved to a new spot and been plannin two crazy trips recently:takedat:

That being said, go against your instincts:russ:
 
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perfect song :francis:

no reasoning really. Strike is 23. I need it to hit 22 by January 20 in order to break even.

I saw how crazily overbought it was, how long it had been riding the upper bollinger band...looked at the MACD...saw how much percent it went up and felt it had to pull back. I was up a good 20 percent after the first two days. Unfortunately it has gone up since without looking back. This is the last time I try to buy ETF options. Its the third time I have and each time XLY/XLE/XLF i've been burned. I still have hope though :manny:. Think i should say fukk it and sell?
Dropbox - MSNA20161116399621.pdf

this should be relevant for you.
 

Domingo Halliburton

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taking a massive L with XLF. @Futuristic Eskimo make sense of this for me :mjcry:

i got puts expiring Jan 20. SHould I ride it out or cut my losses. I only have about $700 left to lose in them


Should have probably taken the expiry out longer when theres a 75% chance of a 10% stock market pullback in the first half year of a new president.


Regardless, i dont know why you guys keep fighting this bull market. even though I think it's gotten ahead of itself Im not going to sit back and guess when.
 

Ohene

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Should have probably taken the expiry out longer when theres a 75% chance of a 10% stock market pullback in the first half year of a new president.


Regardless, i dont know why you guys keep fighting this bull market. even though I think it's gotten ahead of itself Im not going to sit back and guess when.
you're right. i honestly just gambled...foolishly/hastily at that
thing is i havent seen an etf gone up so much so fast...plus it is crazy overbought but whatever
 
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