Options Trading - An Independence Day Poem
I am a U.S. citizen, but a naturalized one. So I really appreciate the Fourth of a special day to celebrate The United States of America. It is easy to forget what it's all about when life is taken up with the chaos of daily trading and market watching. And so, a bit of perspective ...
I was confused by the jargon
Till Independence Day ...
It all fell into place
For the perfect options play.
This started in seeing a lady
Whose looks, I admit, enthrall me.
She made a phoning gesture
And mouthed the words "Call me."
My excitement abated, however,
And I was later dismayed
And was told she's a floor trader
Just signaling for a call trade.
And so my nice long weekend
Has turned from excited to dour
And what I'd hoped would be fireworks
Has become Triple Witching Hour.
Such is the life of a trader,
Who views a long weekend as posed
Not in time off for relaxing,
But days when the market is closed.
The solution, I think, is to figure
A way to beat time decay
And exercise all of my options
Before expiration day.
In the rush of a trading frenzy,
It is easily overlooked
That life is, indeed, like the option,
If out of the money, you're cooked.