Good run here. Been a pretty bullish start since then. HOWEVER, i'm expecting a pull-back next week. I'm heavily positioned for the downside and if it doesn't come, quite frankly im out.
I've had WAY too much trouble trading options. Theta and Vega have absolutely murdered me. Luckily it was the houses money, but still it's a little frustrating.
Nearly EVERYTHING I traded moved in my favor and I still lost money. When shit didn't move in my favor I had no choice but to just keep holding as the TV of the options depleted WAY too quickly.
What am I going to do? Start trading ATM (or ITM) options with the least amount of TV. I'm sick of getting my ass kicked solely because I have ZERO clue WHEN the underlying will move. I know where it will move but for some reason the whole "when it will happen" has me a little foggy. ;)
I'm not bitching, i'm just that my crystal ball isn't THAT good. I can only do so much.
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