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 […]
Blog
August 17, 2010 Website Information and Trade Update
Hi All, I will be making some major website changes over the coming weeks so please excuse our appearance. I entered the September method one in the September method 15 trades today since the market is up. The September method one is a 610/630/630/650 iron butterfly which I sold for a credit of $17.00. The […]
August 16, 2010 Trade Update
Just a quick note to let you know I entered the October 55 Day Trade today, a 540/590/640 put butterfly for 9.75. There were no changes to the Sept position. October position is shown below: Will likely enter the other Sept trades tomorrow. Happy Trading!
August 15, 2010 Trade Update
Hi All, On Thursday I purchased a 560/610/660 put butterfly for $14.85 and on Friday I sold the 580s/630/680 put butterfly for $17.00. Currently the position is up $515 and is at our minimal profit target. If I can sell this for over $500 in the next couple days I will probably do so and […]
8-10-10 Trade Update
Hi All, I took advantage of the weakness today to close the last August position, the Aug method 1. The trade had a profit of $284 (after commissions) for a 44.1% profit on invested capitol of $644 or a 7% profit on the planned capitol of $4000. Not a great month for this trade but […]
August 9, 2010 Trade Update
Hi All, The market has been chopping around and doing nothing, therefore, there have been no adjustments in any trades since the last update. Today, I closed the August method 15 trade for a profit of $1007 after commissions. The maximum amount of risk in the trade at any one time was $3610. This comes […]