I opened this trade this morning at $19.50 and closed out the call at $21.00 to generate some quick cash in my account.
$1.50/19.50= 7.6% in 1 day
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$$$ THINK GREEN $$$ 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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- Brokers (1)
- Butterflies- Broken Wing (3)
- Butterflies- Iron (2)
- Butterflies- Post Earnings (10)
- Calendar Spreads- Double (18)
- Calendar Spreads- Single (32)
- Calendar Spreads- Triple (6)
- Diagonal Spreads- Double (4)
- Diagonal Spreads- Single (22)
- Diagonal Spreads- Time (2)
- General (4)
- Iron Condor Spreads (17)
- Long Calls and Puts (11)
- Monthly Results (6)
- Naked Puts (13)
- Straddle Spreads (19)
- Trading Education (2)
- Trading Rules (3)
- Vertical Spreads (25)
- Vertical Spreads- Debits (2)
2 comments:
That was a good play on POT. You have an interesting website with some good trades on it. I've starting documenting my losses on the stock market and options on a blog. I just can't seem to get it right.....
Constipated Monkey
Thanks Monkey (interesting name you have)! :)
Glad to hear you started a blog of your own. For me, this has helped my trading tremendously by putting my trades out there for the public, both winners AND losers. I'm learning something new everyday and exploring different techniques to figure out what suits me.
The POT trade was my first long position in over 2 years...I have avoiding going long because of the volatile market we have been in for some time. This week with the upsurge in the market, I wanted to see if I could profit again on some long positions on stocks that were fully trending.
I am still of the belief that one should hedge their positions as much as possible. Trading long options should only be reserved for a smaller portion of your portfolio (~10%) since they are more speculative. I mainly focus on hedge trades that limit my risk as much as possible. The returns may not be as sexy as with going long, but over the long haul, I am getting consistent income. I will continue posting all my trades. Thanks for your support!
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