Sold 10 Aug60 puts @ 4.90 = $4,900
Sold 10 Aug80 calls @ 1.40 = $ 1,400
Total proceeds $6,300
Investment was $5,500, so that makes an $800 profit simply by playing both sides of the trade. $800 is nothing to get excited about, I just wanted to show a simply way to minimize risk and still turn a profit in a volatile market.
Note: another profitable video, for those that missed it click here.
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nicely done
Why did you not want to hold this position till GOOG reports?
Sometimes you just want to take your profit and run.
that’s a sweet trade RC!
Very good RC.
800 bones is a fat profit.
Nice one, helps dummies like me better understand more elaborate options strategies. kudos!
Nice trade.
Where the hell is Merlin, I need him to “poof” this bullshit rally monkey.
_
follow the leader, I mean LEH.
shuda kept UYG !
Is this a bounce which I see before me? Cup handle towards my hand? Come, let me clutch thee.
Caj: oil down from 145 to 138.8, news is banks etc. are liquidatin oil holdings to raise capital. Short term play in airlines, refiners? Or DUG & DTO?
wow, refiners are busting loose.
Crazy day day…Look at the 1-Day chart for SRS…Major whipsaw action. Looking to get back into gold…
in TSO 16.38 for a trade
Arrgghh, I hate this market … here I am chasing bullshit refiners up and down, after having liquidated some other holdings, only to find my original holdings which i collected at the bottom would have done just fine.
AFAM, SFD, CPSI, LL
Summary/Lesson: Slow and steady wins the race.
CPTS sets up over 19
ALTH going for 8 break
Rage Cage
Time to put on that SVNT!
yep, it looks great.
looks like a bottom in the refiners to me
I’ll keep my egregiously large TSO long
on at least overnight!
LEH looks ready to break higher.
Is this a bounce which I see before me? Cup handle towards my hand? Come, let me clutch thee.
Shakespeare in da house! Awesome!
_______
If LEH breaks $15, I owe you a ham samich with “etoufee sauce” on the side.
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Glad that didn’t go unnoticed!
ragin, are you gonna play intc today?
no, but I’m playing =HOKU
ALTH Beasting over 8
guess the rally you predicted dint come through.
you holding your gay longs you got in yesterday ?
h
I’m new to options..When did you get $4.90 for you Aug60 put (uzktl) ? I use tdameritrade and the day chart high was $3.60 on the bid.
hmmmm….Just went to http://www.schaeffersresearch.com/streetools/options/option_quote.aspx?ticker_symbol=.UZKTL and the high for the day was $5.00…
why the discrepancy??
should I not be using Tdameritrade??