tag:blogger.com,1999:blog-1563385524081176864.post1393659137535659293..comments2023-09-28T06:41:02.639-07:00Comments on Phileo's Picture Windows: Options Trade Post Mortem: IntercontinentalExchange Inc. (ICE) PutsPhileohttp://www.blogger.com/profile/03489790780839086228noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1563385524081176864.post-45380607507746603452007-01-13T20:55:00.000-08:002007-01-13T20:55:00.000-08:00Hi Cucca,
Thanks alot for visiting!
I take the Ph...Hi Cucca,<br /><br />Thanks alot for visiting!<br />I take the Phantom of the Pits mentality when it comes to options - why bother waiting for your thesis for entering to be proven wrong before exiting ?<br /><br />Also, I am considering risk and probabilities here. I knew that I was going to exit sometime on Friday. From my point of view, the probability of 3 days of no news or events affecting ICE was at best a coin flip. However, the odds of it going down on Friday were much greater than 50% given thursday's after hrs trading and the pre-market trading on friday morning.<br /><br />So, Friday, your odds of having a profitable trade were greater than 50%, but by Tuesday (remember, NYSE is closed this coming Monday), it is a coin flip at best.<br /><br />The daily chart provided the bigger picture, and I drilled down to the 5-minute to highlight where I got out - I wasn't actually looking at the 5-minute when I decided to exit ICE.Phileohttps://www.blogger.com/profile/03489790780839086228noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-39971933266608836842007-01-13T19:53:00.000-08:002007-01-13T19:53:00.000-08:00Its interesting to me that you took this trade bas...Its interesting to me that you took this trade based on a setup on the daily chart, and yet made an exit on the five minute chart.Cuccaahttps://www.blogger.com/profile/01026266039739259570noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-49139828901761137042007-01-13T06:46:00.000-08:002007-01-13T06:46:00.000-08:00I have at times this problem as well. I think it h...I have at times this problem as well. I think it helps to scale out and partial profit takeSimply Options Traderhttps://www.blogger.com/profile/09351716929078349645noreply@blogger.com