Still like the position I am in with this trade. BAC took a step back while some repositioned money. If BAC goes down tomorrow. Which I don't anticipate in the morning. I will hold on probably over the weekend. If it spikes on earnings, I'm selling out.
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100% VTSAX for life! No thought required and better than any actively managed fund.
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My only question is.

I have three cards already. All with zero balances. One I haven't used since 2010 and only keep it because it is my oldest account. Should I cancel it? We will be upgrading houses in 4-5 years and I want a top notch score.
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Do you ever buy anything other than a long call or put?
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I buy MOSTLY short term calls or puts that expire within the week. I've even bought options on a Friday morning that expire at the end of the day hoping to catch a big move with high leverage.

I have to be careful because twice this year I was designated as a day trader for moving in and out of more than 4 round trips in a single day and it caused all kinds of alarm bells.

I need to keep $25,000 minimum in my trading account to satisfy Scottrade if I want to day trade so I don't do it.

One time was an error because I liquidated options that were in the money over two days and in 5-10 contract blocks instead of selling all 70 at once. Got hit with like 6 R/T trades on that the way the new rules apply.

Do you ever notice how traders try to move a stock to close at the strike price on Friday's close?
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Saw that. I already had the card, so it's nice to just have a new perk. :-)
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Has anyone on here used the Nova X Report?

It is being pushed hard on financials websites.

Also-who is into the Medical Pot stocks. I have 4500 shares of one "company" that did not do squat. Some other stocks soared 125,000%. Curious where you think the next play is with so many states changing pot laws.
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Just pulled the trigger on VERY RISKY Amazon $822.50 call options that expire at 4pm today.

23 calls for $1,403.10 = .61 CB includes commission

I'll try to get out by 2pm at the latest. Trying to get at least .85-.90 for them
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So did you sell? Now you're underwater if you held
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The bid-offer on my AMZN options are now 1.20 - 1.29 and running, looks like a short squeeze.

I should sell half the position
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Out at .50. I wanted more but I didn't want to get too greedy. Was afraid of that whipsaw as well. For the week I can't complain.
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Get out. Take a gain when you see it. Don't try to be too greedy.
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They plunged from $1.45-$1.57 all the way down to .23-.30 and now are climbing back over .70

This is the run I need to get out. I think they will make another new daily high and I can scoot out.

You have a screenshot of your sales side option trade?
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I did that recently on WRMT. I had spin-off dividend shares from PWCL, a solar energy company.

I had them at .00 cents due to the dividend and sold at almost $3.00. Here it is a year later and the last week the stock has shot to the moon- 30% daily gains-now sitting at $24.00 per share. Could have bought it 11 months ago for 9 cents a share. :-)

At least PWCL has been moving upwards. Big gain today.
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If you don't have an annual fee in a card, I would never cancel. It will shorten your average age of accounts and potentially negatively affect your score.
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