橫向整盤 sideway correction

Last week, the stock market was under sideway correction.  Actually that was a clear indication of a relative strong bull market. However, it was a diaster for option, especially for short term option.  I lost all the money that I gained during the previous two weeks, except two thousand dollars that I wired out to my bank account.  The direction of the stock market last week was actually in agreement with what I expected, a sideway correction.  However, I underestimated the effect of time and momentum on the value of options, especially the latter. Thererfore I paid a heavy price for my ignorance.  As to the near term, I expect an upswing movement at the end of the month and before labor day.  Hopefully I can regain what I have lost.

Lessons to be learned from this are:

1) Sell option if you expect a pause in stock momentum or a correction. 
Stock normally would pause after three to five days of upswing movement. 
2)  Sell option after a  first sign of a pause, no matter how strong the market is.

Option will lose value due to loss of momentum and time value in the correction. One can always buy back those options at lower premiums later.

[2ndglance]

MM, 謝謝理解, 你的ID像 還是你的朋友看得多. 還是留個美好的印象吧..

世上有不少我看不上眼的人,不在乎,不在意, 也就無所謂. 還是把時間留給自己喜歡的人..:)

[江南玫]

哥哥好呀？俺的股票賣了，小賺一點點，好開心呀。

哥哥，等俺玩夠再換片，您就再忍一忍哦。別怪梅狠心呀。
文學城有些鬼佬加變態佬很討厭的，欺負老實人，梅已經忍很久了。梅這是無聲的抗議。