Another busy day working and banking some coin on the side. Limit, (trailing) stop, and conditional orders are definitely the best friend of someone who cannot keep an eye on the markets 24/7.
No new positions for me today, mostly because I didn’t spend my usual time last night looking through my watchlist and/or running a couple screens at finviz.com.
DP Sells:
- Following the strategy outlined in the previous post, sold [[PCLN]] & [[TRLG]] strangles (puts in the morning, calls later in the day on trailing stops). TRLG treated me especially well, finishing with 100% profit in the trade. In celebration, I wore a pair of their jeans to work.
- [[AIG]] reported spectacularly bad numbers, so I sold the calls from the straddle at the open. The puts are still ‘alive’.
- [[CELG]] puts hit their trailing stop, thus closing out the earnings straddle from Wednesday for a small profit.
