FRE & FNM gapped down at opening on Wednesday. Subsequently, it rally up and did not break the session low. Since I played Dec Options (front month) I decided to take whatever profits that are left by the end of the day. I would lose more on time-value of the options if I keep it overnight as Thursday was a Thanksgiving holiday.
Closed my FRE Dec 25 Put at $3.00 (Profit = 87.5% over 2 market days)
Closed my FNM Dec 30 Put at $3.80 (Profit = 2.7% over 2 market days)
I had left both my credit spreads overnight. Both are still positive since the time-value of the options had dropped.
- PersianCat04 (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
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