With calendars, since the highest premium is at-the-money (ATM) I got a signal today to roll because it was right on our strike at 55 this morning. So I put in a high bid to see if it would get filled and it did.
Bought back Feb 55 and sold Mar 55 Call for $2.00 credit
New cost basis= $2.48- $2.00= $0.48
I will add more to this post soon after my trade meeting...
$$$ THINK GREEN $$$ 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
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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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