Yesterday, I opened this just before market close with a credit of $5.75.
Today, I decided to close it out to not risk anything by holding out and getting assigned since I had the March call & put and today is expiration day. Today was a nasty day in the market so I wanted to mitigate loss as much as possible in my portfolio!
I got out for a debit of $3.25.
(5.75-3.25)Net Profit/(5.75 credit + 7.58 margin)Risk =18.7% ROI in 1 day
$$$ THINK GREEN $$$ 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
- Brokers (1)
- Butterflies- Broken Wing (3)
- Butterflies- Iron (2)
- Butterflies- Post Earnings (10)
- Calendar Spreads- Double (18)
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- Calendar Spreads- Triple (6)
- Diagonal Spreads- Double (4)
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- General (4)
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- Long Calls and Puts (11)
- Monthly Results (6)
- Naked Puts (13)
- Straddle Spreads (19)
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- Trading Rules (3)
- Vertical Spreads (25)
- Vertical Spreads- Debits (2)