Sometimes You Have To Feel When To Sell Your Future Market Options
Sometimes You Have To Feel When To Sell Your Future Market Options
DINERS’ CLUB had just split 2-for-l, and in the last week of January 1958 its weekly volume swelled to 23,400, which I considered unusually high for these future market options. As this increase in volume was accompanied by an advance in price, I decided to check the future market options fundamentals. They were reassuring. The company was a near-monopoly in an expanding field. The credit-card system, of which it was one of the pioneers, was firmly established. The company’s earnings were in a definite upward trend. With these factors in mind, I bought 500 future market options at 24 & a half. My stop-loss was 21 & five eighths.
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