Quote:
Originally Posted by MagicHef
Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.
Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days.
Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today.
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I'm always slightly impressed with people that can effectively do options trading. I suck at it. I do have WMT stock though and it's done quite well.
Your 62% profit is nothing to sneeze at. Well done.