I got an interesting troll tweet today that was immediately deleted by the user who, quite curiously only had 1 tweet and that was a smart-ass one directed to me.
For the record … these are options and are meant to be traded. This smart-ass was most likely referring to my post of January 15, 2012. For the record, capital preservation and management is key when trading options due to their time decay and as a general rule, If my options are not “on-side” in 2 trading sessions then they are gone. I never average down options (unless in very unique circumstances) and if I add to options I only add to winning positions. So, for this 1 tweet wonder, the answer to your question is those options are doing quite fine because I no longer owned them after the direction of the market turned on me and I was not in a positive trade within 48 hours.
