August 24, 2010 Trade Update

Hi All,

I haven’t given any trade updates in the last week because nothing is changed.

I had planned on selling the September 55 day trade earlier but the market’s been so good to us that I am still in it. Currently the position is up $840 and the total amount of risk in the trade is $1140. I’m looking to close the trade on any sign of trouble but, as for right now, all is good.  A picture of the position is below:

The September method one trade is way outside its expiration breakeven but is only down a little bit of money and it’s early in the trade so I’m going to give it a little time unless the market continues to go down. The position is below:

The September method 15, what can I say? I couldn’t have timed the entry better if I was in control of the market. The trade was up money since the day I put it on. Currently the trade is up about $475 and doing well. The picture the position is below:

And last but not least, the October 55 day trade is doing well also. The trade is up about $285 on $975 of risk and is right in the center of the expiration graph. The position is pictured below:

Okay, well that’s a review of the trades, if the market continues to stay in this choppy range it should be a very good month. If the market decides to take off in either direction, at least we got some profit to play with in order to catch it!

Happy trading and make it an awesome week!