Entry comments: Kellog, being a food company is in a hot sector just now. It is trading above the 10 month SMA, and is at the upper Keltner channel. I blew my entry, should have tried getting it for 9.20, but wrongly entered 10.20 as my limit order. I must remember to double check things before confirming my trade. Will watch carefully, as this will need to go up at least 2.5% for me to make a profit.

Exit comments: Downward trend in the market today affecting both of the option positions I was holding. This coupled with a warning I read about the stock market possibly crashing on Monday, was enough to force me out of my positions. Rule #1, stop losses early.