An easy trading day today personally, as the carnage resumed on Wall Street. The bulls needed a decent follow-through day, but they shit the shower instead. Now that commodities have crashed as well, what else is left?
With the short week due to Good Friday, I didn’t open any new positions and just tried to make some decent profit off my existing ones. This wasn’t as successful as hoped for.
The plan for tomorrow will be much of the same (I don’t want to hold anything substantial over the 3-day weekend), although I will look to potentially take a few scalps in expiring options. More on that later tonight.
DP Sells:
- Sold the ‘call’ leg of the [[JCG]] straddle as the market turned sour.
- Profits will be made from the ‘put’ leg.
- [[EOG]] stopped out for a standard loss due to the asshattery going on in commodities/energy/oil/etc.
- Closed out the remaining ‘call’ legs of the [[GOOG]] & [[RIMM]] straddles. RIMM never worked out and took the loss. GOOG could’ve been profitable, had I pulled the sell trigger earlier in the day.
- Sold [[NG]] straddle near the close. NG took a shellacking today: booked a 500% profit on the ‘put’ leg!
Your blog is very informative, I have learned so much from it. It is like daily newspaper :). Added to fav’s.