The market has been behaving pretty well so far this week. Tomorrow is Thursday and we are getting close to expiration plus I’m going to be away for the day, and after the beating we took last Thursday when I was gone, I decided to lighten up the portfolio by closing the Feb 55 day trade ahead of schedule. We likely could have gotten more out of the trade but I was able to get about 20% so I went ahead and took the profit. We had a maximum risk of 5288 in the trade and it was closed today with a profit of 1052 or 19.9% after commissions. We were over our planned capitol by a few hundred dollars, but that was mainly trying to protect profits as the trade was never really in trouble. Below is a picture of the position had I not closed it:
Nothing has changed on the other three trades except they are up more money. Below is the Feb Method 1 trade:
The Feb Method 15 is back up to our profit target again after last Thursday took us from our target down to break even. This trade was in better shape than the 55 day so I did not pull it off yet. Hopefully the market will co operate and we can make up the money from the 55 day and the Method 1 missing their targets. The position is below:
And the March 55 day is below:
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