If I were to tell you, you wouldn’t even believe me. The gains in the past couple of weeks in both short and long term accounts have me sick to my stomach. The reason I bring this up is not to brag. In fact, just the opposite. The last time I was on a run like this, feeling a bit euphoric and Rolex shopping, the rug was pulled out from under me. No lie, we talk about it in our trading room all the time and have timestamps of me talking about Rolex shopping. The very next day I went on one of the worst trading stretches I have ever been on. Funny how the market senses optimism and pessimism.
Not to say that is going to happen, but just a friendly reminder to take some gains from time to time.
After Christmas on the slowest trading day in memory, I put on a few small option positions out into February. One was the China Cheetah $CMCM
12/26/2017 14:56:08Bought 3 CMCM Feb 16 2018 10.0 Call @ 0.9
Here is the chart and circled is the 26th and where I put the trade on. You guys that follow me know exactly why I bought in that exact spot. I take the same trade time and time again. It’s boring really.
That trade will be worth much more than I paid for it today.
#blessed
OC