Thursday, January 21, 2010

opportunity let go due to discipline

So there is an excellent option opportunity tonight due to Google's earnings announcement after the bell.

But I will not be taking it due to the cash being committed to a different program (call selling) for future trades. Some may say that I should use the money now. But there being a slight possibility that the trade could be incorrect is enough motivation to keep from making that trade.

So what is the trade? It is a straddle trade with either IBM, Google, and Apple. It is my feeling that the growth in the winning option will outweigh the loss in the other option.

1 comment:


Opportunity and Disipline go hand in hand.