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September 25, 2011 Trade Update

September 25, 2011 by John Locke Leave a Comment

Hi All,

We got the expected bounce in the market on Friday but the money never came back into the trades. So much for the t+0 line.

I had orders in all day to pull me out of my October positions and, even though the mid prices hit my numbers, I only got 1 out of my 3 orders filled. So, as it stands, the October 55 day trade is unchanged and I sold the 630/680/730 put butterfly on the October M3 trade. If either the money comes into the 660 butterfly or we bounce again tomorrow, I “should” be able to get out at $500 profit which is less than I initially wanted but acceptable in the current market conditions. If we go down, I’ll just deal with it as usual 🙂 The new position is below:

The November trades remain unchanged.

That’s all for now. Looking forward to another great week!

 

 

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Filed Under: Options Trading for Income Weekly Update

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