stocks

I’ve been sitting on a put since Nov. 27th and doubled the position on Dec. 4th.

In this low-volatility period I have tried not to second-guess myself. The position gave me several times that I could have gotten out with a decent profit but I wasn’t technically convinced that I should shouldn’t bail, so I stayed in.

Now, the Q’s are nearing the break-even point and I’m sure my put will shortly be there too.

Are there any of you out there that would like to weigh in on what I should do at that point?

Patrick

It’s still morning here in the Mid-west but the trading day is well under way. I started the week holding a put from last Wednesday that I bought on a 30-min chart. It hit my stop today and so I exited with minimal profit.

With the holidays coming I decided that it wasn’t worth trying play volatility. Those that create volatility are starting to wind down their positions and will continue to do so until the end of the year.

So to better reflect the lower volatility I’ve moved back to my 5-min charts but with an emphasis on tracking the A/D difference.

It seems to help. I entered another put (same put, lower price) at $1.28 and currently it’s at $1.45. Not bad. But as it is said, “The proof is in the pudding”. We’ll see where I get out.