{"id":1486,"date":"2022-04-14T18:08:23","date_gmt":"2022-04-14T22:08:23","guid":{"rendered":"https:\/\/russellstinnett.com\/?p=1486"},"modified":"2022-04-14T18:08:23","modified_gmt":"2022-04-14T22:08:23","slug":"wild-swings-in-the-market","status":"publish","type":"post","link":"https:\/\/russellstinnett.com\/?p=1486","title":{"rendered":"Wild Swings in the Market"},"content":{"rendered":"\n<p>Today I witnessed some wild swings in the options market. I&#8217;m currently holding 5 stocks that were recommended in a recent <a href=\"https:\/\/seekingalpha.com\/article\/4500571-top-s-and-p-500-stocks\" target=\"_blank\" rel=\"noreferrer noopener\">Seeking Alpha article<\/a> and 2 options contracts each for 2 weed stocks. The stocks did okay. Three up and 2 down for the day, but all up overall. The options were a totally different story. I bought 2 OGI call contracts for 5\/13 that were just in the money at open. As soon as the buy went through, I was down $0.05 per share. I guess I should wait for the market open before placing orders for options. <\/p>\n\n\n\n<p>My current portfolio also includes 2 5\/13 calls for ACB that I bought yesterday, and they were all over the place! I had calculated that I could tolerate a $16 loss on ACB to risk 2% of my capital. When I checked my position early in the day, I was suddenly down $100 on this position. Not only that, but I only paid $102!! Anyway, I didn&#8217;t close the position and in a couple of minutes, I was down just $50. Then, when I checked in an hour or so, I was suddenly up to $0.81 for a 172% gain. Holy cow that&#8217;s some wild swings for sure! I put in a sell order for 1 contract, but it was never filled. Within a few minutes, it was back down to a sane range. Twice during the day, it jumped to $0.85, so I think tomorrow I&#8217;ll put 1 contract up for $0.85 and see how it goes. I had no idea that options are so crazy!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today I witnessed some wild swings in the options market. I&#8217;m currently holding 5 stocks that were recommended in a recent Seeking Alpha article and 2 options contracts each for 2 weed stocks. The stocks did okay. Three up and 2 down for the day, but all up overall. The options were a totally different&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11],"tags":[62,78],"class_list":["post-1486","post","type-post","status-publish","format-standard","hentry","category-trading-and-investing","tag-options","tag-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wild Swings in the Market - A Commonplace Blog<\/title>\n<meta name=\"description\" content=\"New to options trading and I did not expect the wild swings that I saw today. 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