Monday, December 8, 2008


The good news... at least i wasnt stuck going long on SKF calls.

Bad news:
I sold my lone SKF put, when i shouldve added as a hedge.
-It would have easily enveloped my loss.
I should have sold FXP call yesterday and ate the loss
- Now this loss is bigger and i am exposed to the short side
- I have no hedge!!!

Simply put, i am not in a position to 'trade' or at least daytrade. i should have waited for the close to enter a position. but at the same time SKF stock was a smart move in terms of avoiding options... the risks/volatility are still there, but at a more manageable pace.

No comments: