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TFC Commodity Trading Forum

Re: AWB ntr
In Response To: Re: AWB ntr ()

Keep it coming here or in private. Remember buying options timing is everything it require direction, the right direction AND SPEED! as we already know .......timing is everything.........
. Bought ARMH calls about to expire(Gamma trading) for 25 cents($25 bucks each) few days later they were worth almost 3 bucks each at expiration. Did the same thing recently with PANL the bendable glass for screens company.

Started trading in 1993 using commodity options, went to Option Institute took classes from Marty and Dr.J traded in IBM option pit as a class by Jon Nigerian on how to make a market in selling and buying options, mainly reversals and conversion(synthetics).

First few trades were very successful. I was looking to replace income from sales with trading since we live in a rural location. Started trading futures in 1994 lost all in 1996 and again in 2001 almost lost all speculation capitol. Was long SPX&OEX call options which were up big, with only days left till expiration, going into 911,these nearby contracts expired worthless leaving me with only a few thousand in cash to stage a comeback. Invested this money in a six month surf trip to Central America,walkabout in other words,Laughingoutloud.