Can you imagine having bet a ton of money on Facebook (FB) calls before the close yesterday? In a very short span of time…..
+ Earnings comes out, and FB explode 16%+ higher, and you see huge dollar signs in front of your eyes. You can hardly wait for the opening bell!
+ You then watch helplessly as the percentage gain erodes to 15, 14, 13, 12………..8%…….4%……..2%. With volatility squeezed out, even if the stock opens a little higher, your options are going to be losers.
+ And since there’s no after hours trading in options, you just have to wait, having changed your disposition from elation/excitement to regret/dread.
I’d normally feel sympathy for a fellow trader but…….it’s a bull. So there’s that.