Sometimes You Have To Feel When To Sell Your Option Market Options

by David Jenyns on December 23, 2006

Sometimes You Have To Feel When To Sell Your Option Market Options
DINERS’ CLUB had just split 2-for-l, and in the last week of January 1958 its weekly volume swelled to 23,400, which I considered unusually high for these option market options. As this increase in volume was accompanied by an advance in price, I decided to check the option market options fundamentals. They were reassuring. The company was a near-monopoly in an expanding field. The credit-card system, of which it was one of the pioneers, was firmly established. The company’s earnings were in a definite upward trend. With these factors in mind, I bought 500 option market options at 24 & a half. My stop-loss was 21 & five eighths. Now the question was which direction the option market options would take. My first LORILLARD purchase had already shown me a profit, and I reasoned that if it came to the worst, I would lose it on DINERS CLUB. But I did not. A few days after my purchase, the option market options began to advance.

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