re: Visa getting roughed up today?

haha like I said I've only been doing this for 2 months or so strictly on PM,V, and a few on PSX when it dipped into the low 57's. I won't BS you into thinking im some financial guru, but I did return close to 10% last month but that's bc the whole market was up in general. I mean I have a good grasp on what I want to own at what price and when the puts look like good profits I strike. I learned early to close and take profits ASAP and not get greedy with PSX it fluctuated between $57.50 and $58.25 so much and my put would be up $1000 one day then down $200 the next day and still expire worthless at week end, so now when I get up and Im happy with the profit I close it and if it drops the next day i sell the put again and hop back in.

Always take profits don't get greedy going for the entire premium on expiration, when you're satisfied take the money and run