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July 21, 2010 Morning Trade Update

July 21, 2010 by John Locke Leave a Comment

Hi All,

It’s been a while since the last trade update, mainly because we were only in one trade and there was not a whole lot going on. I exited the August 55 day trade at the end of the day yesterday with a profit of $1069 after commissions. The maximum amount of capital that was in the trade was $3193, this makes for a 33.3% return on our invested capital or a 21.3% return  on our planned capital $5000.  Just as a side note for those of you who follow me on Sheridian Mentoring trade group 16, the trade that I am doing in that group is the same as this one except that the trade group 16 is doubled in size.  A picture of what the trade would look like if it was not closed is below.

I also entered the August method one, the August method 15 and the September 55 day butterflies yesterday afternoon as well.

Below are the positions:

August method one:

The August method 15:

And last but not least the September 55 day:

Okay, those are the positions, hoping for another great month in the market!

Keep in mind I am traveling over the next three weeks so updates may be slow.

That’s it for now, make it an awesome week!

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Filed Under: Options Trading for Income Weekly Update

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