Never Let Hope or Emotion Influence Your Options Decisions
16 May, 2007 -
Case in point. With my GM puts, although they were up at one point 35% (my target was a 50% gain), I ended up selling out at a 40% loss when I got stopped out (normally I’ll set my stop-losses on options anywhere from 25% to 40%). Had in not been for private equity firm Cerberus acquiring DaimlerChrysler, I believe I would have hit my 50% …
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