Jun. 17 at 10:37 PM
$PBF A really dumb trade that I should have made was to buy this Friday June 20th's calls at the
$20 strike while this was bouncing at
$13-14 during Tayriff Swift's April market crash. Then sell them at the May expiry (mid-
$22) for a nice profit. Then buy back in "for bday fun" with the same calls during the
$18-19 crash. Dang. This is how i trade btw and it works pretty well for some reason.
The non-personal interpretation is that it was oversold in April and was a great "value buy" at that price no matter what (I mean you could also get out at like
$10-11 at that point and just take the small loss). Even just buying some
$15 calls across several months would have been a decent way to leverage your trade. And buying the stock at
$13-14 was a 7%+ dividend.
I had some really bad personal issues happen in my life while the Tariff panic days were happening and am kinda pissed that I missed out on some opportunities to "trade big." Oh well it happens- hopefully this story helps.
