NO coulda woulda shoulda, as soon as it crossed $97, I purchased $95 puts for $1.45 for a very quick play, and was soon rewarded by the market as it started to retrace back to $95. Collected a quick 17% gain to close in less than 6minutes.
Profitable trading, OptionPundit
Daily Report, intraday trading, Past Performance
Here is an update on the income trades that I had opened for May expiration cycle.
Trade-1 RUT Iron Condor (750/760/860/870), Current profit = $52/$795, +6.54%
Trade-2 Dow Double Diagonal (35/40/50/55), Current profit =$25/$485, +5.15%
Trade-3 SPY Iron Condor (1:1 risk reward), Current loss =$54/$105, -51%
Trade-3 OIH Double Calendar (150/155), Current profit =$50/$1035, +4.8%
There trades can be found here.
All [...]
I invested in the PPDI. There was huge gyrations in the stock today but I was able to close this trade for slight profit. That’s the beauty of playing backspread for earnings.
It was able to absorb huge move. This trade had opportunity to earn more if I would have placed the order at mid point [...]
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