Wow, big move up today!
I closed the July Method 15 trade today with a $530 loss after commissions. The total capital in the trade was $6120 which makes for a about a 8.6% loss on invested capital. I Still had $600 to go till max loss but with the time left till expiration and the irrational exuberance in the market, I decided to close it.
Overall, it was a good month as the other 2 July trades did very well.
On to August!
As of right now there have been no adjustments to the August trades but I will likely add to the August 55 day trade today and will likely post after market close in Part B of the update.
Stay tuned 🙂