OIH was adjusted quite few times. Check out the OP’s discussion forum for more detail (click here) Profitable trading, OptionPundit
Though, I have already achieved my May’s portfolio return objectives even before May has started (my monthly target is 5%-7% returns) there is enough room in these income trades and therefore I can continue to hold. I don’t expect returns like March (> 30%) but there is enough room to make…
I mentioned about pre-market loser plays as the broader market is bearish (at least from open till now) and I also mentioned about my bias for MDCO, AVID and WFR. My intra-day trading set-up was most suited for WFR so I decided to enter. As soon as it hit my…
I have updated my May trades’s. Check out comments section for the adjustments/update (Click here). I have already shared with the registered users via e-mail on the new trade that I have opened for May. Registered users will see it today but I will open it for rest sometime next week. Profitable trading, OptionPundit
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
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…
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…
ENER, I first spotted this from Jim’s report via theflyonthewall and got into the action. Watchout for the move-up, the same is true for Jef as well. Check out The kingsland report here. Profitable trading, OptionPundit
I decided to take advantage of the VIX spike today to offload my VIX 17 futures and free-up cash to invest in other opportunities due to options expiration. I have been buying May 17 VIX calls. With a very small spike today, my VIX returned a nice 33% profit for 1-2 day…
Here is a list of some of the major income trades I have opened for May 2007 and also shared 3 of these 4 for general OP Reader’s viewing: Trade-1 Date: April 5-6, 2007 Description: Long RUT May 870 calls/May 750 puts, Short May 860 calls/ 760 puts Credit:$2.05 per trade, Margin required…