Today MER has bounced down off of the 55 line which I marked as the middle of my trading range between 50 and 60 and it had a huge black bearish candle.
So I decided it was time to close out this trade and move on.
I opened the trade on 1/31/08 for a debit of $2.48, then I rolled this trade on 2/5/08 for a credit of $2.00 and got a new cost basis of $0.48. Today I closed it out for a $1.45 credit.
(1.45-0.48)/0.48= 202% in 1 month!
$$$ THINK GREEN $$$ Welcome to GekkoTrader's options trading journal...Let us trade, grow and learn together…Happy Trading! -"Gekko"
The "Gekko" Trader
Monthly Returns
(Compared Month-to-Previous Month at Expiration, Not on total Portfolio.)
NOV '08: +6.2% live trading
OCT '08: +9.6% paper
SEP '08: +3.9% paper
AUG '08: +2.5% paper
JUL '08:-57% paper
JUN '08: +41% paper
MAY '08: +5.1% paper
APR '08: +8.6% paper
MAR '08: +5.4% paper
FEB '08: +6.7% paper
NOV '08: +6.2% live trading
OCT '08: +9.6% paper
SEP '08: +3.9% paper
AUG '08: +2.5% paper
JUL '08:-57% paper
JUN '08: +41% paper
MAY '08: +5.1% paper
APR '08: +8.6% paper
MAR '08: +5.4% paper
FEB '08: +6.7% paper
Email Me!
Feel free to send me any questions, comments, and/or feedback. Thank you in advance!
gekkotraderspot@gmail.com
gekkotraderspot@gmail.com
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About Me
Gordon Gekko from the movie Wall Street
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Blog Archive
Labels
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- Butterflies- Broken Wing (3)
- Butterflies- Iron (2)
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- Vertical Spreads- Debits (2)