Markets jumped today - 1.21%. Usually these kind of jumps are not the best for my portfolio, but still managed to keep some value. Mostly because I got the long time decay of the long weekend. My hunch is that the markets will dive or stay stable tomorrow, moving the vol a bit higher. Should provide more gains. FB and ZNGA were in news today. Options started trading on FB and stock went lower still. Most options traders are predicting $25/share by mid-July. I am not trading FB, as shares are costly to short...
As I once heard - 'Day trading is not about knowing the market, it's about knowing yourself.' As of mid 2011, I have dabbled in options. Started with covered call and moved on to spreads. My linkedin profile is:
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