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SW MN and Gold Canyon AZ | I hear what you are saying SC. After watching the market today ,I got out of my puts about 10:30 with some money. Should have done it in the overnight.
But atleast I see support at yesterdays close and resistance @ the high made a week ago last monday. Gives me some indication of direction if either is violated. Not 100% confident in that but better than 60% confindent.
Time for the volitilty trades with options. Problem is when the market is SO volitile you can;t get in or out becasue of the gap type trading we are having. Even today when I wanted to sell back my puts the 5.10 may wasn't even trading!! It was 20 cents in the money!! I had to get a bid>offer from the floor to even find out where I should put my order in at.
I could use some tips on trying to trade these gap ups and downs. I left alot of money on the table this morning that I had at the close on WED. I have traded lots before but never with this type of volitilty.
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