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March 13, 2011 Trade Update

March 13, 2011 by John Locke Leave a Comment

Hi All,

On Friday, I sold the 690/740/790 call butterfly and purchased a 680/730/780 call butterfly.

March trades are in the final stretch. I only need Monday and Tuesday to be reasonably flat days and I should be able to get close to profit targets on the March trades. If the market runs hard in either direction, AND I can catch it on time, I should be able to get something out of these.

Below are all the positions as they currently stand. The p/l is a bit of an unknown till the market opens on Monday but I’ll state what the analyze graph says for today (Sunday).

March 55:

This trade is way over capitalized but still within account reserve levels. Current p/l = + $757, profit target + $1500.

March m15:

This trade is within planned capitol and is up $735 with a profit target of $1200.

April 55:

This trade is up $341 but it is still real early. Profit target $1200

That’s is for the trades.

Our thoughts and prayers are with the people of Japan. Please consider donating to help.

John

 

 

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Filed Under: Options Trading for Income Weekly Update

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