OK, so wow, what else can you say. Our system got a real shot in the arm today. This is why it is so important to have the stop orders in place. Not only does it save you from days like today, we make a very nice profit if you play it right. 2k is pretty amazing since the trade did exactly what we didn't want it to do.
Here is the chart below of where we stand. The trackers is up to date with all fills and all current working orders. The market has really bounced so at this point we don't need to roll another layer tomorrow. I'll post tomorrow morning if anything has changed.
Thursday, May 6, 2010
Stop Triggered
Our stop on our May 640 puts triggered and they were bought back for $6.00. I'm trying to sell out the May 630 puts while the volitity is so high.
Sold the May 630 for $12.30. NICE!
Sold the May 630 for $12.30. NICE!
Rut Roll
With the markets continued sell off this morning I will be rolling our May 670/660 put spread out to June. I'll post the fills, and get the tracker up to date.
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