On September 24th I posted, Trade Idea: (Short term options) XLF Calls which was a speculative long position on Financials, those expire today and are up 144% from yesterday, while still being at about a 50% loss.
These were a speculative size so it's not anything that hurts, but I figure I might as well take what's left of them rather than take a chance on the rest of the day and them perhaps losing all value.
If I has an expiration that was a week or more longer, I'd hold them without question, but they do expire today for me so I'm going to go ahead and take the loss of about 50?% of the position and salvage what's left.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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