Open: LVS (Las Vegas Sands) Put Calendar
Yesterday I opened a Put Calendar on LVS:
Apr / Jun 70 puts for a cost basis of -2.63
I attempted to enter an Apr / Jun 85 and ended up getting a Mar / Apr 85 for -2.10.
I realized that this was not the right order after hours. What happened? LVS gapped down and I couldn't get any more then 1.05, so I incurred a 50% loss on this screwup. Ouch.
Just reminds me that although I've gotten 1000% better at this, I still need to take my time and double check everything I do. Everytime I do it.
MdrNate
Apr / Jun 70 puts for a cost basis of -2.63
I attempted to enter an Apr / Jun 85 and ended up getting a Mar / Apr 85 for -2.10.
I realized that this was not the right order after hours. What happened? LVS gapped down and I couldn't get any more then 1.05, so I incurred a 50% loss on this screwup. Ouch.
Just reminds me that although I've gotten 1000% better at this, I still need to take my time and double check everything I do. Everytime I do it.
MdrNate
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