A Rare Good Decision

I came this close – – THIS CLOSE – – to dumping my COST puts today, but I didn’t do so. Thank goodness, because after hours……………

Why was I thinking of dumping the puts? Because I’m a spineless moron who often fails to follow his own self-imposed rules, that’s why.

Costco had done NOTHING wrong as a chart. NOTHING! It had a very tiny loss, which was bugging me, and I was getting impatient with it, even though the goddamned thing has HUNDREDS OF DAYS to go before expiration. God, I suck.

I have tried to remind myself that, in my options account, I want positions…………

• That are VERY high priced, so I have the opportunity to bank some seriously large dollar changes (e.g. I’d rather have puts on a $1,000 stock than a $7 stock even though, duh, I realize that’s built into the options pricing already)

• That may take a lot of TIME to ultimately work lower (Carvana (CVNA) being a great example)

• That I will maintain as long as they don’t violate a specific chart-based rule.

Costco meets all three of these, but since I’m a psychologically damaged simpleton, I just about dumped them. The wide bid/ask spread compelled me to just sit tight, and I’m glad I did. Maybe when I’m 193 years old, I will finally have control over my own impulses.