{"id":16,"date":"2006-07-12T20:57:24","date_gmt":"2006-07-13T01:57:24","guid":{"rendered":"http:\/\/inanimatereason.com\/?p=16"},"modified":"2006-07-12T20:57:27","modified_gmt":"2006-07-13T01:57:27","slug":"dumb-luck","status":"publish","type":"post","link":"https:\/\/inanimatereason.com\/blog\/2006\/07\/dumb-luck\/","title":{"rendered":"Dumb Luck!"},"content":{"rendered":"

I’ve decided today to broaden my blogging to address other things I’m interested in. Blogging on tech stuff just hasn’t been motivating enough.<\/p>\n

The other day, I decided to toss a few bucks at Mittal Steel Company NV<\/a> MT<\/a> in the form of 3 contracts of MTGZ.X <\/a> figuring it would move a bit and let me get out in a day or two. I figured it was on a quick climb and I didn’t want to miss the buy, so I wrote it as a market order.<\/p>\n

In my haste, I mistyped the order and bought 3 contracts of MTGX.X and hit confirm without really looking at the screen. WHOOPS. Instead of buying at something like 50c, I ended up with options priced at $7.20. And.. the spread was $6.80, so I was immediately underwater almost as much as I planned to invest.<\/p>\n

I decided it was best to let it ride since I was slightly bullish anyway, although I almost dumped it at $6.90 just to ease my troubled mind. I put in a sell to close order at $7.40 to cover my commissions figuring I could override if I was watching the market and decided to go longer and shorter.<\/p>\n

Woke up today and drove to work. When I got there, I discovered the bid was $7.70 and I ended up actually making money.<\/p>\n

The bid is up to to $8.10, but I’m the only volume on that option today and I didn’t lose my shirt, so I’m happy! <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I’ve decided today to broaden my blogging to address other things I’m interested in. Blogging on tech stuff just hasn’t been motivating enough. The other day, I decided to toss a few bucks at Mittal Steel Company NV MT in the form of 3 contracts of MTGZ.X figuring it would move a bit and let … Continue reading Dumb Luck!<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-low-finance"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1yjzF-g","_links":{"self":[{"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/comments?post=16"}],"version-history":[{"count":0,"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/posts\/16\/revisions"}],"wp:attachment":[{"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/media?parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/categories?post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inanimatereason.com\/blog\/wp-json\/wp\/v2\/tags?post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}