/biz/ - Business & Finance

Decide to get rid of my strangle options.

At the time a loss of about $30 even though it doesn't expire until mid May.

Close the put when it was going up in value slightly. Get hesitant as it may be getting volatile right now but did it anyways.

Go to close my call. Price is going down a bit. Keep changing it. Price starts freaking crashing!

Loss of over $70...


Ironic how the one stock I was sure of buying a put on (unlike this one due to the strangle manueavur) I don't and it actually, logically, goes down. Would've been a 50% or so gain in less than 2 hours last I saw. However due to how the market has been behaving I was considering doing a straddle. Guess that's the main reason I didn't do it, the market is acting ridiculous.