Interesting day last Friday, because of the large selloff, I was able to hit my reduced target of $700 on the June method 15. The actual profit, after commissions, ended up to be $711 on an actual risk of $1433 for a total return of 49.6% of our invested capital or little over 10% of the planned capital of $7000. As the selloff continued, I decided to exit the method 1 as well. We did not hit our reduced profit target of $400 but did manage to squeak $372 out of the trade after commissions, the total risk we had in this trade was $452 for a return of 82.3% on our invested capital or a little under 10% of our planned capital of $4000.
I decided to stay in the June 55. I had an order in to sellout of the trade at our reduced profit target of $500. The mid price hit this number several times, but the order never filled, therefore we are still the trade. Currently the position is up $486 and is still looking fine. Hopefully we can get out of it at our reduced profit target on Monday. The position is below:
The July 55 day trade is doing extremely well, it is currently up $514 and is shown below:
Okay, guess that’s it for now. Make it an awesome day!