Yesterday was an interesting day. I was closely watching the gap up in the morning as a continuation to the up side would have hurt the May trades. The market reversed though and as the trades went past the peaks of their T+0 lines, I closed them because we were so close to expiration. The May 55 ended up at +$320 or 6% profit, the May method one +242 or 6% profit and the May method 15 +980 or 14% profit. The % is figured off “planned” capitol. So not a great month but considering what the market did, it turned out well.
Also, I entered the June trades on schedule and the positions are below:
June Method 1
June Method 15
I’ll be looking at putting on the July 55 if we get a bounce over the next few days and on Friday if the bounce never comes.