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Shorted 5 CHLIN @ 4.5 And 5 FREJB @ 3.8

dtc 23 July, 2008 14:11 Executed Trades, Options Permalink Trackbacks (0)

I traded out of my CHLIN & FREJB positions for quick gains as I planned. My total cash value was at $4,186.85, a 29% gain from yesterday and just $55 away from this week's goal: $4241.86. Trying to archive the goal, I went long on FREVB @ 2.9, 10 contracts total. As soon as the order got filled, I put in an order to short all 10 of FREVB @ 3.10 and the order is now pending execution.

If you don't already aware of this, options trading in this volatile market could be very "exciting". I could have 30% gain in one day and get wiped out the next and my strategy for the past few days was to bet on big price swing. Volatile trading days like this provide more opportunities for options to move in and out the money. And now, I am hoping FRE to move below $10 to push my FREVB to $3.10 so I can cash in.

Let's see how it goes.



comments

  1. it's hard to believe! but I guess is worth trying:)wish you good luck anuway

    Posted by Torrents Search — 27 Oct 2009, 05:47


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