Hi All, The big move down in the markets today forced adjustments to our positions. On the August 55 day trade, I added a 560/610/660 August put butterfly. It was not a necessary adjustment but I wanted to take advantage of the high IV levels and add to the position. Currently the position is up […]
Blog
6-27-10 Trade Update
Hi All, I really love this market, you can get some great returns on very small risk! There has been no change in the positions except they are up more $, so I’ll skip the pictures for now. Hopefully it’s more of the same this week, I’ll update if there are changes later in the […]
6-21-10 PM Trade Update
Hi All, Nothing has changed in the last week, all the positions are still the same and all the positions are up money. What more can we ask for? The positions are below. August 55: July method 1: July method 15: That’s it for now, make it an awesome week!
06-16-10 PM Trade Update
Hi All, As stated earlier, I entered the August 55 day trade on Monday, 6/14. It was an AUG 590/640/690 put butterfly. Currently the trade is down slightly as the market has been up. Position is shown below: I entered both the July method 1 and method 15 trades yesterday in the morning. The market […]
6/15/10 AM UPDATE
Hi All, Just to let you know, I closed the July 55 day trade on Monday morning at a $516 profit. I closed it because we were over the minimum profit target and the market was getting a little hot on the upside. Also, thinking we’re going to be in a trading range, I decided […]
June 7, 2010 trade update
Just a quick note, I got filled on the 55 day June trade this morning just above the reduced profit target of $500. The actual numbers were $560 profit on a risk of $960 for return of 58.3% on our invested capital or a little over 10% of our $5000 planned capital. Okay so we’re […]